AT&T Inc. $T Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in AT&T Inc. (NYSE:T) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 346,178 shares of the technology company’s stock after acquiring an additional 25,306 shares during the quarter. Metis Global Partners LLC’s holdings in AT&T were worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in shares of AT&T in the 1st quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T during the 2nd quarter worth about $26,000. Hager Investment Management Services LLC increased its position in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank raised its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the period. Finally, Solstein Capital LLC raised its holdings in AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. Sanford C. Bernstein upped their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Wall Street Zen downgraded AT&T from a “buy” rating to a “hold” rating in a report on Saturday. TD Cowen boosted their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.67.

AT&T Price Performance

Shares of NYSE T opened at $24.81 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The business has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $27.62. The firm has a market cap of $175.85 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

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

AT&T Dividend Announcement

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

About AT&T

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.