Edmp Inc. Has $3.09 Million Stock Holdings in AT&T Inc. $T

Edmp Inc. lowered its stake in AT&T Inc. (NYSE:T) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 106,817 shares of the technology company’s stock after selling 7,931 shares during the period. AT&T makes up 2.6% of Edmp Inc.’s holdings, making the stock its 9th biggest holding. Edmp Inc.’s holdings in AT&T were worth $3,091,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T during the 2nd quarter valued at about $5,266,758,000. Nuveen LLC bought a new stake in shares of AT&T during the 1st quarter valued at about $1,072,128,000. GQG Partners LLC grew its position in shares of AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after buying an additional 17,177,874 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after buying an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in AT&T by 350.4% during the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after purchasing an additional 8,841,126 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on T. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Bank of America began coverage on shares of AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

AT&T Stock Down 1.2%

T stock opened at $25.57 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $182.80 billion, a PE ratio of 14.53, a P/E/G ratio of 2.10 and a beta of 0.42. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The firm has a 50 day simple moving average of $28.41 and a 200 day simple moving average of $27.86.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is currently 63.07%.

AT&T Company 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.