Schroder Investment Management Group Sells 242,777 Shares of AT&T Inc. (NYSE:T)

Schroder Investment Management Group decreased its position in AT&T Inc. (NYSE:TFree Report) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,487,170 shares of the technology company’s stock after selling 242,777 shares during the quarter. Schroder Investment Management Group’s holdings in AT&T were worth $24,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Valley Financial Group Inc. bought a new position in shares of AT&T during the 4th quarter valued at approximately $276,000. Kolinsky Wealth Management LLC increased its position in shares of AT&T by 14.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 13,089 shares of the technology company’s stock valued at $220,000 after purchasing an additional 1,629 shares during the last quarter. NCM Capital Management LLC increased its position in shares of AT&T by 5.6% during the 4th quarter. NCM Capital Management LLC now owns 18,348 shares of the technology company’s stock valued at $308,000 after purchasing an additional 975 shares during the last quarter. CenterBook Partners LP increased its position in shares of AT&T by 428.7% during the 4th quarter. CenterBook Partners LP now owns 1,016,638 shares of the technology company’s stock valued at $17,059,000 after purchasing an additional 824,358 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at approximately $25,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock opened at $17.86 on Tuesday. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.45. The stock has a market capitalization of $128.06 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 3.56 and a beta of 0.60. The stock has a fifty day simple moving average of $17.17 and a two-hundred day simple moving average of $17.02. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on T shares. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 5th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Scotiabank boosted their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.32.

View Our Latest Stock Analysis on T

About AT&T

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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