AGF Management Ltd. Has $5.65 Million Stock Position in AT&T Inc. $T

AGF Management Ltd. increased its position in AT&T Inc. (NYSE:T) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,373 shares of the technology company’s stock after purchasing an additional 7,763 shares during the period. AGF Management Ltd.’s holdings in AT&T were worth $5,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. AE Wealth Management LLC raised its stake in shares of AT&T by 13.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,906,544 shares of the technology company’s stock worth $55,176,000 after purchasing an additional 223,666 shares during the period. Stokes Family Office LLC raised its position in shares of AT&T by 1.1% in the second quarter. Stokes Family Office LLC now owns 54,841 shares of the technology company’s stock valued at $1,587,000 after purchasing an additional 609 shares during the period. Paradigm Asset Management Co. LLC lifted its position in shares of AT&T by 16.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 61,980 shares of the technology company’s stock worth $1,794,000 after acquiring an additional 8,700 shares in the last quarter. Metis Global Partners LLC lifted its holdings in AT&T by 7.9% during the 2nd quarter. Metis Global Partners LLC now owns 346,178 shares of the technology company’s stock worth $10,018,000 after purchasing an additional 25,306 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the second quarter worth about $32,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.3%

AT&T stock opened at $24.81 on Monday. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The stock has a fifty day simple moving average of $27.14 and a two-hundred day simple moving average of $27.63. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The firm has a market cap of $175.85 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same period last year, the firm posted $0.60 earnings per share. AT&T’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. Finally, Williams Trading set a $33.00 price target on shares of AT&T in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.67.

AT&T 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.