AT&T Inc. $T Stock Position Increased by Engineers Gate Manager LP

Engineers Gate Manager LP raised its position in shares of AT&T Inc. (NYSE:T) by 1,378.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,267,069 shares of the technology company’s stock after purchasing an additional 1,181,383 shares during the period. AT&T accounts for approximately 0.5% of Engineers Gate Manager LP’s holdings, making the stock its 23rd biggest position. Engineers Gate Manager LP’s holdings in AT&T were worth $36,669,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Denali Advisors LLC raised its position in shares of AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after buying an additional 22,394 shares in the last quarter. Tredje AP fonden boosted its holdings in shares of AT&T by 1.8% in the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after acquiring an additional 21,720 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in shares of AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after acquiring an additional 4,793 shares during the period. Kickstand Ventures LLC. bought a new stake in AT&T during the second quarter worth approximately $489,000. Finally, Sentry Investment Management LLC raised its holdings in AT&T by 153.2% during the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after purchasing an additional 13,370 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $24.57 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The company has a market cap of $174.20 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.38. The stock has a 50-day moving average of $25.41 and a 200-day moving average of $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 issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. TD Cowen upped their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Company 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.