AT&T Inc. $T Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its position in AT&T Inc. (NYSE:T) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 768,138 shares of the technology company’s stock after acquiring an additional 89,291 shares during the period. AT&T accounts for 0.9% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 20th largest holding. Knights of Columbus Asset Advisors LLC’s holdings in AT&T were worth $18,743,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of T. Bank of America Corp DE acquired a new position in shares of AT&T in the 2nd quarter worth approximately $2,310,898,000. GQG Partners LLC bought a new stake in AT&T during the 2nd quarter worth approximately $1,223,364,000. Legal & General Group Plc bought a new stake in AT&T during the 2nd quarter worth approximately $960,695,000. State Street Corp increased its holdings in AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after purchasing an additional 18,468,679 shares in the last quarter. Finally, Nykredit A S acquired a new stake in AT&T during the 2nd quarter valued at $259,954,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $21.95 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The company has a 50 day moving average price of $23.80 and a 200 day moving average price of $24.90. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The stock has a market capitalization of $147.89 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.30.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The firm had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts forecast that AT&T Inc. will post 2.40 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s payout ratio is presently 60.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Raymond James Financial decreased their target price on AT&T from $33.00 to $29.00 in a report on Thursday, October 22nd. Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Arete Research cut their price target on AT&T from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Moffett Nathanson cut their price target on AT&T from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Trending Headlines about AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T says it plans to maintain its annual dividend at $1.11 per share and repurchase about $10 billion of stock this year. One valuation analysis also suggests the shares could be roughly 34% below fair value, though that estimate depends on the company’s ability to generate cash over time. Article: The 10-Year Treasury Just Hit 5%. AT&T Pays About the Same Article: AT&T Stock May Be 34% Below Fair Value
• Positive Sentiment: A Cullen Capital Management filing disclosed a purchase of about 1.89 million AT&T shares as of September 30. The delayed filing is a modest positive signal, but does not indicate current trading. Article: Fund Update
• Neutral Sentiment: Dividend-focused analysis describes AT&T’s payout as relatively safe but not growing. The 5% 10-year Treasury yield offers investors a competing income option, potentially limiting the appeal of AT&T’s dividend. Article: How Safe Is Each Dividend Check?
• Negative Sentiment: Coverage emphasized AT&T’s substantial debt burden. Separately, Jim Cramer urged investors to sell, citing the prospect of SpaceX’s Starlink Mobile entering wireless through a nationwide 5G network partnership with Qualcomm. That is a competitive concern, not evidence of an immediate impact on AT&T’s results. Article: Should Dividend Stock Investors Buy AT&T Stock? Article: Jim Cramer on SpaceX and AT&T

AT&T Company Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.