Aviva PLC Purchases 42,265 Shares of AT&T Inc. (T)
Aviva PLC raised its position in AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,991,843 shares of the technology company’s stock after buying an additional 42,265 shares during the period. AT&T comprises approximately 0.8% of Aviva PLC’s holdings, making the stock its 22nd largest holding. Aviva PLC owned about 0.07% of AT&T worth $128,178,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in T. Braun Bostich & Associates Inc. acquired a new stake in AT&T during the 1st quarter worth $137,000. CKW Financial Group raised its stake in AT&T by 105.0% during the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after buying an additional 2,159 shares during the period. Elmwood Wealth Management Inc. acquired a new stake in AT&T during the 1st quarter worth $178,000. Cerebellum GP LLC acquired a new stake in AT&T during the 2nd quarter worth $178,000. Finally, Bristol John W & Co. Inc. NY acquired a new stake in AT&T during the 1st quarter worth $201,000. Hedge funds and other institutional investors own 64.63% of the company’s stock.
AT&T stock opened at $32.36 on Tuesday. AT&T Inc. has a 52 week low of $30.13 and a 52 week high of $39.33. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $206.15 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.39.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend is Tuesday, October 9th. AT&T’s dividend payout ratio is presently 65.57%.
In other AT&T news, Director Matthew K. Rose purchased 65,500 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was bought at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the transaction, the director now owns 81,319 shares in the company, valued at $2,481,042.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $32.48 per share, with a total value of $249,771.20. Following the completion of the transaction, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
Several analysts recently commented on T shares. JPMorgan Chase & Co. started coverage on AT&T in a research note on Tuesday, June 19th. They set a “neutral” rating and a $36.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $37.00 price objective on shares of AT&T in a research note on Wednesday, June 27th. Credit Suisse Group started coverage on AT&T in a research note on Tuesday, July 10th. They set an “underperform” rating and a $29.00 price objective on the stock. Raymond James downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price objective on the stock. in a research note on Friday, July 13th. Finally, Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, July 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.82.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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