AT&T Inc. (NYSE:T) Position Boosted by Amundi Pioneer Asset Management Inc.


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Amundi Pioneer Asset Management Inc. raised its holdings in shares of AT&T Inc. (NYSE:T) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,121,975 shares of the technology company’s stock after acquiring an additional 3,663,529 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.14% of AT&T worth $291,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in T. Arrowstreet Capital Limited Partnership grew its stake in shares of AT&T by 413.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 37,300 shares of the technology company’s stock valued at $1,063,000 after buying an additional 30,029 shares in the last quarter. Wealth Alliance boosted its position in AT&T by 4.5% during the third quarter. Wealth Alliance now owns 62,792 shares of the technology company’s stock worth $1,790,000 after purchasing an additional 2,699 shares during the period. OLD Mission Capital LLC bought a new stake in AT&T during the third quarter worth approximately $453,000. Stumpf Capital Management LLC boosted its position in AT&T by 194.7% during the third quarter. Stumpf Capital Management LLC now owns 305,995 shares of the technology company’s stock worth $8,724,000 after purchasing an additional 202,151 shares during the period. Finally, Cribstone Capital Management LLC boosted its position in AT&T by 4.9% during the third quarter. Cribstone Capital Management LLC now owns 49,098 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 2,304 shares during the period. 51.17% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:T opened at $30.93 on Thursday. The business’s fifty day moving average price is $29.64 and its two-hundred day moving average price is $28.91. AT&T Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $33.24. The stock has a market capitalization of $220.59 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.84 and a quick ratio of 0.84.

AT&T (NYSE:T) last announced its earnings results on Tuesday, January 26th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $45.70 billion for the quarter, compared to analysts’ expectations of $44.58 billion. AT&T had a return on equity of 12.27% and a net margin of 6.42%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Research analysts expect that AT&T Inc. will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Friday, April 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Thursday, April 8th. AT&T’s payout ratio is presently 58.26%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research report on Thursday, December 10th. Morgan Stanley cut AT&T from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Thursday, December 17th. Oppenheimer reaffirmed a “market perform” rating on shares of AT&T in a research report on Wednesday, March 3rd. Credit Suisse Group cut their price target on AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. Finally, Raymond James reiterated a “buy” rating on shares of AT&T in a report on Monday, March 15th. Four analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.47.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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