RDA Financial Network Purchases 4,056 Shares of AT&T Inc. (NYSE:T)

RDA Financial Network raised its position in AT&T Inc. (NYSE:TGet Rating) by 14.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 32,919 shares of the technology company’s stock after buying an additional 4,056 shares during the period. RDA Financial Network’s holdings in AT&T were worth $778,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in T. State Street Corp boosted its position in shares of AT&T by 3.8% in the 4th quarter. State Street Corp now owns 317,213,113 shares of the technology company’s stock worth $7,803,443,000 after purchasing an additional 11,494,986 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 123,218,974 shares of the technology company’s stock worth $3,023,357,000 after purchasing an additional 1,913,245 shares during the last quarter. Norges Bank bought a new position in shares of AT&T in the 4th quarter worth $1,740,054,000. Charles Schwab Investment Management Inc. boosted its position in shares of AT&T by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 52,265,452 shares of the technology company’s stock worth $1,285,732,000 after purchasing an additional 1,769,739 shares during the last quarter. Finally, Capital World Investors raised its stake in AT&T by 17.6% during the 4th quarter. Capital World Investors now owns 47,260,985 shares of the technology company’s stock worth $1,162,620,000 after buying an additional 7,060,858 shares during the period. Hedge funds and other institutional investors own 53.47% of the company’s stock.

Several analysts recently commented on T shares. Citigroup dropped their price objective on AT&T from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Moffett Nathanson started coverage on AT&T in a research note on Tuesday, April 5th. They set a $19.00 price objective on the stock. Raymond James dropped their price objective on AT&T from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 12th. Morgan Stanley dropped their price objective on AT&T from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. Finally, Royal Bank of Canada dropped their price objective on AT&T from $30.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.48.

Shares of NYSE:T traded up $0.32 during midday trading on Wednesday, reaching $20.28. The company had a trading volume of 459,094 shares, compared to its average volume of 36,729,448. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average price is $20.07 and its 200 day moving average price is $22.77. The stock has a market cap of $145.18 billion, a PE ratio of 8.42, a P/E/G ratio of 2.09 and a beta of 0.57. AT&T Inc. has a 1-year low of $16.62 and a 1-year high of $22.15.

AT&T (NYSE:TGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $38.10 billion for the quarter, compared to analyst estimates of $38.29 billion. AT&T had a return on equity of 13.19% and a net margin of 10.64%. AT&T’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. On average, research analysts expect that AT&T Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th were given a dividend of $0.278 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

About AT&T (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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

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