Jupiter Asset Management Ltd. Holds Stake in AT&T Inc. (T)

Jupiter Asset Management Ltd. held its stake in AT&T Inc. (NYSE:T) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,248 shares of the technology company’s stock at the end of the first quarter. Jupiter Asset Management Ltd.’s holdings in AT&T were worth $9,110,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of T. Guggenheim Capital LLC raised its stake in AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock worth $114,401,000 after buying an additional 131,629 shares during the period. RMB Capital Management LLC raised its stake in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock worth $1,537,000 after buying an additional 24,491 shares during the period. Shell Asset Management Co. raised its stake in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares during the period. Bridgeworth LLC purchased a new stake in AT&T during the fourth quarter worth $4,687,000. Finally, HighPoint Advisor Group LLC raised its stake in AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock worth $15,051,000 after buying an additional 15,867 shares during the period. 55.24% of the stock is currently owned by institutional investors and hedge funds.

AT&T Inc. (NYSE T) opened at 37.37 on Friday. The stock has a market capitalization of $229.45 billion, a PE ratio of 17.56 and a beta of 0.47. The company’s 50-day moving average is $37.59 and its 200-day moving average is $39.51. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.

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A number of equities analysts have recently commented on T shares. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $41.00 price target on shares of AT&T in a report on Saturday, April 29th. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price target on shares of AT&T in a report on Sunday, July 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $41.00 target price (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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