AT&T Inc. $T Shares Bought by Versor Investments LP

Versor Investments LP increased its holdings in AT&T Inc. (NYSE:T) by 61.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,982 shares of the technology company’s stock after purchasing an additional 10,263 shares during the quarter. Versor Investments LP’s holdings in AT&T were worth $763,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Capstone Wealth Management LLC purchased a new stake in AT&T during the 1st quarter worth approximately $201,000. DigitalBridge Group Inc. grew its position in shares of AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after purchasing an additional 365,776 shares in the last quarter. Wedmont Private Capital grew its position in shares of AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock valued at $3,302,000 after purchasing an additional 9,027 shares in the last quarter. Xponance Inc. grew its position in shares of AT&T by 10.2% in the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after purchasing an additional 102,419 shares in the last quarter. Finally, NBT Bank N A NY grew its position in shares of AT&T by 7.5% in the first quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock valued at $3,660,000 after purchasing an additional 8,989 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.2%

Shares of NYSE T opened at $28.92 on Tuesday. The stock has a market cap of $206.79 billion, a P/E ratio of 16.43, a PEG ratio of 3.57 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $19.34 and a 12-month high of $29.19. The business’s fifty day simple moving average is $27.93 and its 200-day simple moving average is $27.27.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analyst Weigh In

T has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley upped their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Bank of America initiated coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Hsbc Global Res lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $30.21.

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.