Todd Asset Management LLC Boosts Stock Holdings in AT&T Inc. (NYSE:T)

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Todd Asset Management LLC grew its position in shares of AT&T Inc. (NYSE:T) by 12.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,724 shares of the technology company’s stock after purchasing an additional 3,728 shares during the quarter. Todd Asset Management LLC’s holdings in AT&T were worth $970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Voloridge Investment Management LLC boosted its holdings in shares of AT&T by 850.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 12,181,178 shares of the technology company’s stock worth $347,285,000 after buying an additional 10,900,074 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of AT&T by 0.8% in the 4th quarter. BlackRock Inc. now owns 485,568,654 shares of the technology company’s stock worth $13,964,955,000 after buying an additional 3,666,423 shares during the last quarter. Morgan Stanley boosted its holdings in shares of AT&T by 2.2% in the 3rd quarter. Morgan Stanley now owns 75,022,082 shares of the technology company’s stock worth $2,138,879,000 after buying an additional 1,628,117 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of AT&T in the 3rd quarter worth about $40,784,000. Finally, Drexel Morgan & Co. boosted its holdings in shares of AT&T by 106.1% in the 4th quarter. Drexel Morgan & Co. now owns 2,604,212 shares of the technology company’s stock worth $74,897,000 after buying an additional 1,340,421 shares during the last quarter. 51.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a report on Thursday, December 10th. Royal Bank of Canada dropped their price objective on shares of AT&T from $32.00 to $30.00 in a report on Monday, October 26th. CIBC reaffirmed a “buy” rating on shares of AT&T in a report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of AT&T from $36.00 to $31.00 in a report on Monday, February 8th. Finally, Morgan Stanley downgraded shares of AT&T from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Thursday, December 17th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.12.

T stock opened at $28.80 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $28.92 and its 200 day moving average is $28.92. The stock has a market cap of $205.23 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. AT&T Inc. has a 1-year low of $26.08 and a 1-year high of $38.68.

AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, January 26th. The technology company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The company had revenue of $45.70 billion for the quarter, compared to analysts’ expectations of $44.58 billion. AT&T had a net margin of 6.42% and a return on equity of 12.27%. AT&T’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. As a group, sell-side analysts forecast that AT&T Inc. will post 3.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 1st. Investors of record on Monday, January 11th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Friday, January 8th. AT&T’s dividend payout ratio (DPR) is 58.26%.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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