Waterloo Capital L.P. Acquires Shares of 10,346 AT&T Inc. (NYSE:T)

Waterloo Capital L.P. acquired a new stake in shares of AT&T Inc. (NYSE:TFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,346 shares of the technology company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Northern Trust Corp raised its stake in shares of AT&T by 2.5% during the 3rd quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. Norges Bank purchased a new position in shares of AT&T during the 4th quarter worth approximately $1,118,288,000. FMR LLC raised its stake in shares of AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after buying an additional 32,558,342 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of AT&T by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock worth $848,888,000 after buying an additional 798,024 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on T shares. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, April 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Scotiabank upped their price target on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $21.32.

View Our Latest Stock Analysis on T

AT&T Stock Performance

T opened at $17.86 on Tuesday. The business’s 50 day moving average is $17.17 and its 200-day moving average is $17.02. The stock has a market cap of $128.06 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 3.56 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.45.

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 analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.22%. AT&T’s payout ratio is 59.68%.

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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