Tocqueville Asset Management L.P. Raises Holdings in AT&T Inc. (NYSE:T)

Tocqueville Asset Management L.P. increased its position in shares of AT&T Inc. (NYSE:T) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 904,179 shares of the technology company’s stock after purchasing an additional 23,783 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in AT&T were worth $35,417,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of T. Vanguard Group Inc. increased its stake in AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the last quarter. Janus Henderson Group PLC increased its stake in AT&T by 6,188.8% in the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after purchasing an additional 6,790,430 shares during the last quarter. Ameriprise Financial Inc. increased its stake in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares during the last quarter. BlackRock Inc. increased its stake in AT&T by 1.1% in the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in AT&T by 31.4% during the second quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock valued at $599,193,000 after acquiring an additional 3,798,090 shares during the period. 55.75% of the stock is owned by hedge funds and other institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up $1.63 during trading on Thursday, hitting $39.16. The stock had a trading volume of 59,960,000 shares, compared to its average volume of 28,140,000. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $240,400.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.44. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same period in the prior year, the company posted $0.66 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts forecast that AT&T Inc. will post 2.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.11%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s dividend payout ratio is 96.15%.

T has been the subject of a number of research reports. SunTrust Banks reissued a “hold” rating and set a $36.00 price target on shares of AT&T in a research report on Friday, October 27th. Nomura lowered their price target on AT&T to $42.00 and set a “buy” rating for the company in a research report on Tuesday, November 21st. Standpoint Research started coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price for the company. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price for the company in a research report on Monday, October 16th. Finally, Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.52.

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AT&T 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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