AT&T Inc. $T Holdings Reduced by Swmg LLC

Swmg LLC decreased its position in AT&T Inc. (NYSE:T) by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,841 shares of the technology company’s stock after selling 8,289 shares during the period. Swmg LLC’s holdings in AT&T were worth $244,000 as of its most recent SEC filing.

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

AT&T Stock Up 0.5%

T stock opened at $26.33 on Friday. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The firm has a market cap of $188.24 billion, a PE ratio of 14.96, a P/E/G ratio of 2.13 and a beta of 0.42. The firm has a 50 day simple moving average of $28.27 and a 200 day simple moving average of $27.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last released its 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. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

Analyst Ratings Changes

Several research analysts have recently issued reports on T shares. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Sanford C. Bernstein increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Scotiabank set a $30.25 price objective on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Finally, Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.65.

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.