AT&T Inc. (NYSE:T) Shares Purchased by Squar Milner Financial Services LLC

Squar Milner Financial Services LLC boosted its position in AT&T Inc. (NYSE:T) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,831 shares of the technology company’s stock after acquiring an additional 4,697 shares during the quarter. Squar Milner Financial Services LLC’s holdings in AT&T were worth $931,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its position in shares of AT&T by 1,723.1% during the second quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock worth $1,543,169,000 after acquiring an additional 43,525,113 shares during the last quarter. California Public Employees Retirement System grew its position in shares of AT&T by 18.1% during the third quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock worth $1,060,292,000 after acquiring an additional 4,292,231 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of AT&T by 63.9% during the third quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock worth $215,422,000 after acquiring an additional 2,220,433 shares during the last quarter. Comerica Bank grew its position in shares of AT&T by 82.8% during the third quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock worth $138,546,000 after acquiring an additional 1,704,159 shares during the last quarter. Finally, Poplar Forest Capital LLC grew its position in shares of AT&T by 233.3% during the third quarter. Poplar Forest Capital LLC now owns 1,459,076 shares of the technology company’s stock worth $55,211,000 after acquiring an additional 1,021,371 shares during the last quarter. 53.63% of the stock is currently owned by institutional investors.

NYSE:T traded up $0.06 during midday trading on Tuesday, reaching $38.45. The stock had a trading volume of 10,883,898 shares, compared to its average volume of 24,602,186. The firm has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $36.88. AT&T Inc. has a 12-month low of $28.92 and a 12-month high of $39.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.79. The stock has a market cap of $280.00 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.43 and a beta of 0.62.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The firm had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. During the same period last year, the firm posted $0.90 EPS. AT&T’s quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that AT&T Inc. will post 3.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.41%. This is a positive change from AT&T’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, January 9th. AT&T’s dividend payout ratio (DPR) is 59.09%.

T has been the topic of a number of research reports. UBS Group raised their target price on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Moffett Nathanson lowered shares of AT&T from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, November 19th. Raymond James restated a “buy” rating and set a $45.00 target price (up from $40.00) on shares of AT&T in a research report on Tuesday, October 29th. Finally, HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.22.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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