OVERSEA CHINESE BANKING Corp Ltd Acquires 5,136 Shares of AT&T Inc. (NYSE:T)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,808 shares of the technology company’s stock after buying an additional 5,136 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in AT&T were worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Axiom Financial Strategies LLC grew its stake in AT&T by 12.2% in the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after buying an additional 1,941 shares during the last quarter. Roundview Capital LLC boosted its holdings in shares of AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after acquiring an additional 9,450 shares during the period. Sei Investments Co. grew its position in shares of AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after purchasing an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of AT&T by 5.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after purchasing an additional 25,028 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,722 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $16.51 on Monday. The stock has a market cap of $118.09 billion, a PE ratio of 8.42, a P/E/G ratio of 2.49 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.72. The business’s 50-day moving average price is $17.00 and its two-hundred day moving average price is $16.52.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.72%. AT&T’s dividend payout ratio is presently 56.63%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays increased their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Tigress Financial increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Get Our Latest Research Report on AT&T

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

See Also

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

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