Schroder Investment Management Group Grows Position in AT&T Inc. (NYSE:T)

Schroder Investment Management Group grew its stake in shares of AT&T Inc. (NYSE:T) by 66.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,285,236 shares of the technology company’s stock after purchasing an additional 2,104,603 shares during the period. Schroder Investment Management Group owned approximately 0.07% of AT&T worth $120,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $14,700,000. Franklin Resources Inc. raised its holdings in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp lifted its position in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of AT&T during the fourth quarter valued at $691,000. Finally, West Family Investments Inc. increased its position in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock worth $864,000 after purchasing an additional 15,680 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 0.0 %

Shares of AT&T stock opened at $28.20 on Monday. The company has a fifty day moving average price of $25.70 and a 200 day moving average price of $23.54. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.51. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T’s payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several research firms have issued reports on T. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Sanford C. Bernstein raised their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

About AT&T

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.