Robeco Institutional Asset Management B.V. Acquires 397,027 Shares of AT&T Inc. $T

by · The Markets Daily

Robeco Institutional Asset Management B.V. increased its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,925,498 shares of the technology company’s stock after purchasing an additional 397,027 shares during the period. AT&T makes up about 0.6% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 26th biggest position. Robeco Institutional Asset Management B.V. owned 0.19% of AT&T worth $393,256,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. J. L. Bainbridge & Co. Inc. grew its position in shares of AT&T by 1.7% during the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after buying an additional 355 shares during the period. Financial & Tax Architects LLC lifted its position in shares of AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after acquiring an additional 356 shares during the period. Roberts Glore & Co. Inc. IL boosted its stake in AT&T by 2.0% during the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after acquiring an additional 357 shares in the last quarter. Investment Partners LTD. grew its holdings in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the period. Finally, Parcion Private Wealth LLC grew its holdings in AT&T by 2.5% in the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after purchasing an additional 364 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Morgan Stanley decreased their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. The Goldman Sachs Group dropped their price target on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Barclays reduced their price objective on AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Finally, UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.24.

Check Out Our Latest Analysis on AT&T

AT&T Price Performance

Shares of NYSE T opened at $24.71 on Tuesday. The stock has a market cap of $175.14 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.31 and a beta of 0.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The firm’s 50-day simple moving average is $24.98 and its 200 day simple moving average is $26.88.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is 36.04%.

AT&T Profile

(Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

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