AT&T Inc. (T) Position Raised by Commonwealth Bank of Australia

Commonwealth Bank of Australia lifted its holdings in shares of AT&T Inc. (NYSE:T) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,018 shares of the technology company’s stock after buying an additional 105,120 shares during the period. Commonwealth Bank of Australia’s holdings in AT&T were worth $41,007,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. New Capital Management LP boosted its position in AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in AT&T in the third quarter worth about $104,000. Macroview Investment Management LLC boosted its position in AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in AT&T in the second quarter worth about $134,000. Finally, CKW Financial Group boosted its position in AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

T has been the topic of several research reports. Oppenheimer reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup raised their target price on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Deutsche Bank dropped their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Finally, Nomura decreased their price objective on AT&T to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.92.

In related news, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Fisher bought 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the purchase, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

AT&T Inc. (T) opened at $36.41 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a market capitalization of $223,520.00, a PE ratio of 22.48, a PEG ratio of 2.51 and a beta of 0.37.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. research analysts expect that AT&T Inc. will post 3.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.49%. The ex-dividend date was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 123.46%.

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

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