AT&T Inc. $T Shares Bought by Vinva Investment Management Ltd

by · The Cerbat Gem

Vinva Investment Management Ltd raised its position in shares of AT&T Inc. (NYSE:T – Free Report) by 28.2% in the second quarter, HoldingsChannel reports. The firm owned 471,149 shares of the technology company’s stock after acquiring an additional 103,674 shares during the period. Vinva Investment Management Ltd’s holdings in AT&T were worth $13,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in AT&T in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T in the second quarter worth $26,000. Solstein Capital LLC increased its holdings in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the period. Kennebec Savings Bank raised its stake in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Curio Wealth LLC lifted its holdings in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.0%

AT&T stock opened at $25.86 on Thursday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. 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 firm has a market capitalization of $183.30 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 2.16 and a beta of 0.40. The company has a 50 day moving average price of $26.15 and a 200 day moving average price of $27.44.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company decreased their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Sanford C. Bernstein boosted their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Finally, KeyCorp raised 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 note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

Check Out Our Latest Research Report on AT&T

AT&T Profile

(Free Report)

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.

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