MASTERINVEST Kapitalanlage GmbH Invests $3.36 Million in AT&T Inc. $T

MASTERINVEST Kapitalanlage GmbH acquired a new stake in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 115,931 shares of the technology company’s stock, valued at approximately $3,355,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of AT&T by 150.6% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 43,914 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 26,388 shares in the last quarter. Horizon Investments LLC boosted its position in shares of AT&T by 5.3% during the 1st quarter. Horizon Investments LLC now owns 103,960 shares of the technology company’s stock valued at $2,909,000 after acquiring an additional 5,263 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of AT&T by 14.9% during the first quarter. EverSource Wealth Advisors LLC now owns 43,186 shares of the technology company’s stock worth $1,221,000 after purchasing an additional 5,596 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of AT&T by 10.7% in the first quarter. American Century Companies Inc. now owns 7,645,589 shares of the technology company’s stock worth $216,217,000 after purchasing an additional 738,182 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $24.57 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. The stock has a market cap of $174.20 billion, a PE ratio of 7.98, a PEG ratio of 1.44 and a beta of 0.38. The company’s fifty day moving average is $25.41 and its 200 day moving average is $27.26. 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, meeting analysts’ consensus estimates of $0.54. The firm 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 company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors 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 was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on T. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Williams Trading set a $33.00 price objective on shares of AT&T in a report on Thursday, October 23rd. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a research report on Monday, October 6th. KeyCorp upgraded AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 11th. Finally, Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.