AT&T Inc. (NYSE:T) Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp boosted its stake in AT&T Inc. (NYSE:T) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,252 shares of the technology company’s stock after acquiring an additional 1,106 shares during the period. UNIVEST FINANCIAL Corp’s holdings in AT&T were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Ameriprise Financial Inc. lifted its position in AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the period. FMR LLC lifted its holdings in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after buying an additional 32,558,342 shares during the period. California Public Employees Retirement System boosted its stake in shares of AT&T by 38.0% in the third quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after buying an additional 9,518,478 shares in the last quarter. Barclays PLC grew its holdings in AT&T by 30.6% during the third quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock worth $393,931,000 after acquiring an additional 6,137,909 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of AT&T by 43.0% during the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock worth $221,242,000 after purchasing an additional 4,432,136 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

T stock traded up $0.09 during mid-day trading on Tuesday, reaching $17.08. The company had a trading volume of 27,409,068 shares, compared to its average volume of 38,809,141. The stock’s 50-day simple moving average is $16.98 and its two-hundred day simple moving average is $16.68. The stock has a market capitalization of $122.47 billion, a P/E ratio of 9.18, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. Research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on T shares. Tigress Financial lifted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

About AT&T

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.