Brighton Jones LLC Has $1.32 Million Stock Holdings in AT&T Inc. (NYSE:T)

Brighton Jones LLC reduced its position in AT&T Inc. (NYSE:T) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 46,793 shares of the technology company’s stock after selling 1,786 shares during the period. Brighton Jones LLC’s holdings in AT&T were worth $1,323,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of T. Vanguard Group Inc. lifted its stake in shares of AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock worth $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC raised its holdings in AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock valued at $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC lifted its position in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock worth $1,948,943,000 after acquiring an additional 5,649,277 shares during the period. Finally, Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at approximately $1,858,418,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.5%

Shares of AT&T stock opened at $28.13 on Monday. The firm’s 50 day moving average is $27.41 and its 200 day moving average is $25.66. The firm has a market capitalization of $202.43 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 1 year low of $17.49 and a 1 year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Oppenheimer raised their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Scotiabank restated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.71.

AT&T Profile

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.