Axa S.A. Increases Stake in AT&T Inc. $T

Axa S.A. raised its holdings in AT&T Inc. (NYSE:T) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,034,621 shares of the technology company’s stock after buying an additional 67,474 shares during the period. Axa S.A.’s holdings in AT&T were worth $29,942,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Stone House Investment Management LLC purchased a new stake in AT&T during the 1st quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T during the second quarter worth about $26,000. Kennebec Savings Bank grew its position in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after buying an additional 783 shares in the last quarter. Solstein Capital LLC increased its stake in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the period. Finally, Curio Wealth LLC raised its holdings in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Barclays lowered their price target on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Scotiabank set a $30.25 target price on AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Finally, KeyCorp upgraded AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.64.

AT&T Stock Performance

NYSE T opened at $24.49 on Wednesday. The company has a fifty day moving average of $25.57 and a two-hundred day moving average of $27.32. The company has a market capitalization of $173.59 billion, a PE ratio of 7.95, a P/E/G ratio of 1.45 and a beta of 0.38. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is 36.04%.

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.