Harel Insurance Investments & Financial Services Ltd. Grows Holdings in AT&T Inc. (T)

Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of AT&T Inc. (NYSE:T) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,692 shares of the technology company’s stock after purchasing an additional 2,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in AT&T were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Hoertkorn Richard Charles raised its stake in shares of AT&T by 66.7% in the 3rd quarter. Hoertkorn Richard Charles now owns 5,000 shares of the technology company’s stock valued at $168,000 after buying an additional 2,000 shares in the last quarter. TRUE Private Wealth Advisors increased its position in shares of AT&T by 3.2% during the 3rd quarter. TRUE Private Wealth Advisors now owns 54,500 shares of the technology company’s stock worth $1,830,000 after purchasing an additional 1,714 shares in the last quarter. Financial & Investment Management Group Ltd. acquired a new stake in shares of AT&T during the 3rd quarter worth about $4,115,000. Capital City Trust Co. FL increased its position in shares of AT&T by 4.5% during the 3rd quarter. Capital City Trust Co. FL now owns 45,462 shares of the technology company’s stock worth $1,526,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Winslow Asset Management Inc. increased its position in shares of AT&T by 31.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 116,249 shares of the technology company’s stock worth $3,904,000 after purchasing an additional 27,752 shares in the last quarter. Institutional investors own 64.58% of the company’s stock.

Shares of NYSE:T opened at $30.59 on Tuesday. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $34.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.80 and a current ratio of 0.72. The stock has a market cap of $188.47 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.30 and a beta of 0.58.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The firm had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 17.8% on a year-over-year basis. Analysts expect that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is currently 57.95%.

T has been the subject of a number of recent analyst reports. Barclays set a $32.00 target price on shares of AT&T and gave the stock a “hold” rating in a research report on Friday, January 18th. Cowen reiterated a “buy” rating and set a $35.00 target price on shares of AT&T in a research report on Thursday, January 31st. ValuEngine cut shares of AT&T from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Friday, March 15th. They noted that the move was a valuation call. Finally, Desjardins reiterated an “average” rating and set a $56.50 target price on shares of AT&T in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average target price of $36.32.

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About AT&T

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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