Exane Derivatives Acquires 85,459 Shares of AT&T Inc. (T)

Exane Derivatives lifted its holdings in shares of AT&T Inc. (NYSE:T) by 191.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,025 shares of the technology company’s stock after acquiring an additional 85,459 shares during the quarter. AT&T comprises approximately 0.7% of Exane Derivatives’ holdings, making the stock its 25th biggest holding. Exane Derivatives’ holdings in AT&T were worth $3,710,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NuWave Investment Management LLC acquired a new position in AT&T in the 4th quarter worth $40,000. Mackey Komara & Dankovich LLC bought a new stake in shares of AT&T in the 4th quarter worth about $76,000. Creative Financial Designs Inc. ADV increased its position in shares of AT&T by 86.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock worth $77,000 after purchasing an additional 1,249 shares during the last quarter. New Capital Management LP increased its position in shares of AT&T by 234.6% in the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock worth $96,000 after purchasing an additional 2,348 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $121,000. Institutional investors and hedge funds own 64.60% of the company’s stock.

Shares of NYSE:T opened at $31.80 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.84. AT&T Inc. has a fifty-two week low of $26.80 and a fifty-two week high of $34.53. The stock has a market cap of $195.22 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $45.20 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. AT&T’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.42%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 57.95%.

Several equities research analysts have recently weighed in on T shares. Raymond James raised 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. Desjardins reissued an “average” rating and issued a $56.50 target price on shares of AT&T in a research report on Friday, April 5th. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Cowen reaffirmed a “buy” rating and set a $35.00 price objective on shares of AT&T in a research report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average price target 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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