AT&T Inc. (NYSE:T) Shares Purchased by Capital World Investors

Capital World Investors boosted its stake in shares of AT&T Inc. (NYSE:T) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,425,387 shares of the technology company’s stock after buying an additional 2,841,837 shares during the period. Capital World Investors owned 0.80% of AT&T worth $1,307,576,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in T. 1620 Investment Advisors Inc. raised its stake in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after purchasing an additional 421 shares during the period. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Whittier Trust Co. grew its position in AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after acquiring an additional 433 shares during the period. Wealthstream Advisors Inc. raised its position in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after purchasing an additional 444 shares during the period. Finally, Northeast Investment Management lifted its stake in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 451 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Scotiabank lifted their target price on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.24.

AT&T Stock Performance

NYSE T opened at $27.12 on Friday. The business has a 50 day moving average price of $26.84 and a 200 day moving average price of $24.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s payout ratio is currently 74.50%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.