8,367 Shares in AT&T Inc. $T Bought by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new stake in AT&T Inc. (NYSE:T) in the second quarter, HoldingsChannel reports. The fund bought 8,367 shares of the technology company’s stock, valued at approximately $242,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.3% in the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock valued at $18,411,543,000 after buying an additional 8,185,006 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in AT&T in the 2nd quarter valued at $5,266,758,000. GQG Partners LLC lifted its position in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after acquiring an additional 17,177,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock worth $1,561,514,000 after purchasing an additional 1,783,363 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in AT&T by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company’s stock worth $1,508,411,000 after purchasing an additional 1,307,009 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $24.55 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a 50 day moving average price of $27.32 and a 200 day moving average price of $27.65. The stock has a market capitalization of $175.54 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays cut their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Williams Trading set a $33.00 target price on AT&T in a research note on Thursday, October 23rd. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. Sanford C. Bernstein raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

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.