Gilbert & Cook Inc. Acquires 1,212 Shares of AT&T Inc. (NYSE:T)

Gilbert & Cook Inc. raised its holdings in AT&T Inc. (NYSE:TFree Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,130 shares of the technology company’s stock after purchasing an additional 1,212 shares during the quarter. Gilbert & Cook Inc.’s holdings in AT&T were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of T. Ameriprise Financial Inc. grew its stake in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the period. FMR LLC grew its stake in AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after purchasing an additional 32,558,342 shares during the period. AQR Capital Management LLC grew its stake in shares of AT&T by 43.0% during the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock worth $221,242,000 after acquiring an additional 4,432,136 shares during the period. International Assets Investment Management LLC grew its stake in shares of AT&T by 299.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,839,323 shares of the technology company’s stock worth $64,424,000 after acquiring an additional 2,877,946 shares during the period. Finally, Invesco Ltd. grew its stake in shares of AT&T by 9.0% during the 3rd quarter. Invesco Ltd. now owns 29,705,275 shares of the technology company’s stock worth $446,173,000 after acquiring an additional 2,447,279 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $18.22 on Monday. The business’s 50-day moving average price is $17.09 and its two-hundred day moving average price is $16.93. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.27. The stock has a market cap of $130.64 billion, a P/E ratio of 9.80, a PEG ratio of 3.58 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.09%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Tuesday, March 5th. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday, April 29th. Scotiabank increased their price target on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $20.81.

Read Our Latest Report on T

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers 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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