Hamilton Wealth LLC grew its holdings in AT&T Inc. (NYSE:T) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,146 shares of the technology company’s stock after purchasing an additional 1,845 shares during the quarter. AT&T comprises approximately 2.8% of Hamilton Wealth LLC’s portfolio, making the stock its 14th largest holding. Hamilton Wealth LLC’s holdings in AT&T were worth $4,109,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in T. Nuveen Asset Management LLC raised its position in shares of AT&T by 1,723.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock valued at $1,543,169,000 after buying an additional 43,525,113 shares during the period. California Public Employees Retirement System raised its position in shares of AT&T by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock valued at $1,060,292,000 after buying an additional 4,292,231 shares during the period. State of Tennessee Treasury Department raised its position in shares of AT&T by 63.9% during the 3rd quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock valued at $215,422,000 after buying an additional 2,220,433 shares during the period. Comerica Bank raised its position in shares of AT&T by 82.8% during the 3rd quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock valued at $138,546,000 after buying an additional 1,704,159 shares during the period. Finally, Poplar Forest Capital LLC raised its position in AT&T by 233.3% in the third quarter. Poplar Forest Capital LLC now owns 1,459,076 shares of the technology company’s stock valued at $55,211,000 after purchasing an additional 1,021,371 shares during the period. 53.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T stock traded down $0.66 during trading on Monday, hitting $36.96. The stock had a trading volume of 40,779,267 shares, compared to its average volume of 35,503,738. The company has a market capitalization of $269.99 billion, a PE ratio of 19.45, a P/E/G ratio of 2.33 and a beta of 0.62. AT&T Inc. has a 1 year low of $28.92 and a 1 year high of $39.70. The stock has a 50 day simple moving average of $38.60 and a 200 day simple moving average of $37.17. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 0.75.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. AT&T had a net margin of 7.67% and a return on equity of 13.37%. The firm had revenue of $46.82 billion for the quarter, compared to analyst estimates of $47.06 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 3.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.52 per share. This is a boost from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, January 9th. AT&T’s payout ratio is 58.26%.
T has been the topic of a number of research analyst reports. Moffett Nathanson lowered AT&T from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, November 19th. Standpoint Research lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. SunTrust Banks boosted their price target on shares of AT&T to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $38.00 price target on shares of AT&T in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.25.
AT&T Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
