Aristotle Capital Management LLC maintained its stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,030 shares of the technology company’s stock at the end of the fourth quarter. Aristotle Capital Management LLC’s holdings in AT&T were worth $299,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in T. Elgethun Capital Management acquired a new position in AT&T during the fourth quarter valued at about $100,000. Massey Quick & Co. LLC acquired a new position in AT&T during the fourth quarter valued at about $102,000. Empirical Finance LLC acquired a new position in AT&T during the fourth quarter valued at about $116,000. Itau Unibanco Holding S.A. acquired a new position in AT&T during the third quarter valued at about $127,000. Finally, Integrated Wealth Counsel LLC raised its position in AT&T by 246.1% in the third quarter. Integrated Wealth Counsel LLC now owns 3,461 shares of the technology company’s stock valued at $141,000 after buying an additional 2,461 shares in the last quarter. 53.90% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) opened at 38.24 on Friday. The stock has a market cap of $235.10 billion, a P/E ratio of 18.70 and a beta of 0.39. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The firm’s 50-day moving average price is $39.59 and its 200-day moving average price is $40.44.
AT&T (NYSE:T) last posted its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $39.40 billion during the quarter, compared to analysts’ expectations of $40.50 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Equities analysts predict that AT&T Inc. will post $2.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.96 annualized dividend and a yield of 5.16%. AT&T’s dividend payout ratio (DPR) is 93.78%.
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Several equities analysts have recently issued reports on T shares. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $43.60 target price for the company in a report on Monday, February 6th. Macquarie reissued a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Sunday, January 22nd. Instinet reissued a “buy” rating and set a $45.00 price objective (down from $46.00) on shares of AT&T in a report on Sunday, April 2nd. Argus reissued a “buy” rating and set a $51.00 price objective on shares of AT&T in a report on Monday, April 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Wednesday, April 19th. Seventeen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.16.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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