Marshall Wace LLP Buys Shares of 8,134,843 AT&T Inc. $T

Marshall Wace LLP bought a new stake in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,134,843 shares of the technology company’s stock, valued at approximately $235,422,000. Marshall Wace LLP owned about 0.11% of AT&T at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Stone House Investment Management LLC acquired a new stake in AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T during the second quarter worth about $26,000. Solstein Capital LLC increased its holdings in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the period. Kennebec Savings Bank lifted its position in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Curio Wealth LLC boosted its stake in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.3%

Shares of T stock opened at $25.39 on Friday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The business’s fifty day moving average is $25.77 and its 200-day moving average is $27.38. The stock has a market cap of $179.97 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.48 and a beta of 0.38.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Scotiabank set a $30.25 target price on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price target (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Finally, UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

AT&T Profile

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.