Ieq Capital LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,949 shares of the technology company’s stock after acquiring an additional 14,675 shares during the quarter. Ieq Capital LLC’s holdings in AT&T were worth $2,797,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in T. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AT&T by 39.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,496,810 shares of the technology company’s stock worth $58,495,000 after purchasing an additional 422,207 shares during the period. Bank OZK boosted its stake in AT&T by 5.7% in the 4th quarter. Bank OZK now owns 191,940 shares of the technology company’s stock worth $7,501,000 after purchasing an additional 10,327 shares during the period. Capital Financial Planning LLC boosted its stake in AT&T by 22.5% in the 4th quarter. Capital Financial Planning LLC now owns 11,675 shares of the technology company’s stock worth $456,000 after purchasing an additional 2,141 shares during the period. Bell Bank boosted its stake in AT&T by 25.6% in the 4th quarter. Bell Bank now owns 110,883 shares of the technology company’s stock worth $4,333,000 after purchasing an additional 22,606 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in AT&T in the 4th quarter worth approximately $24,341,000. Institutional investors own 56.12% of the company’s stock.

Shares of T traded down $0.27 during midday trading on Friday, reaching $28.31. 32,221,786 shares of the stock were exchanged, compared to its average volume of 35,035,764. AT&T Inc. has a 52 week low of $26.08 and a 52 week high of $39.70. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $29.73 and its two-hundred day moving average is $35.65. The company has a market capitalization of $203.35 billion, a P/E ratio of 14.37, a PEG ratio of 1.64 and a beta of 0.72.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). AT&T had a return on equity of 13.27% and a net margin of 8.05%. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $44.75 billion. During the same period in the previous year, the company posted $0.86 EPS. AT&T’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 3.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date was Wednesday, April 8th. AT&T’s payout ratio is currently 58.26%.

In related news, Director Geoffrey Y. Yang acquired 6,754 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average price of $29.39 per share, with a total value of $198,500.06. Following the completion of the transaction, the director now directly owns 9,398 shares in the company, valued at $276,207.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Luczo acquired 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average cost of $29.38 per share, for a total transaction of $1,057,680.00. The disclosure for this purchase can be found here. 0.07% of the stock is owned by company insiders.

Several analysts have recently issued reports on T shares. JPMorgan Chase & Co. cut AT&T from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $35.00 in a report on Wednesday, April 1st. Oppenheimer started coverage on AT&T in a report on Wednesday, April 22nd. They set a “buy” rating and a $47.00 price objective on the stock. Wells Fargo & Co decreased their price objective on AT&T from $36.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, April 3rd. Nomura Securities decreased their price target on AT&T from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Citigroup decreased their price target on AT&T from $42.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $36.15.

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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