Yousif Capital Management LLC Has $28.26 Million Stock Position in AT&T Inc. $T

by · The Cerbat Gem

Yousif Capital Management LLC lowered its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000,688 shares of the technology company’s stock after selling 55,095 shares during the quarter. Yousif Capital Management LLC’s holdings in AT&T were worth $28,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares in the last quarter. State Street Corp boosted its stake in shares of AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after acquiring an additional 7,404,376 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of AT&T during the 2nd quarter valued at about $5,266,758,000. Geode Capital Management LLC increased its holdings in shares of AT&T by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after acquiring an additional 2,066,026 shares during the last quarter. Finally, Norges Bank bought a new position in shares of AT&T in the 2nd quarter valued at approximately $2,228,655,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.6%

T opened at $24.31 on Tuesday. The business has a 50 day moving average of $25.20 and a 200-day moving average of $27.11. The stock has a market capitalization of $172.31 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 1.41 and a beta of 0.38. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 11th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Barclays lowered their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Finally, Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. One investment 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’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $30.24.

View Our Latest Stock Analysis on T

AT&T Company 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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