Barrow Hanley Mewhinney & Strauss LLC Has $480.26 Million Holdings in AT&T (T)

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in shares of AT&T (NYSE:T) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,352,261 shares of the technology company’s stock after selling 2,495,399 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.20% of AT&T worth $480,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in T. American Century Companies Inc. increased its position in shares of AT&T by 90.2% during the fourth quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock valued at $617,671,000 after acquiring an additional 7,535,393 shares in the last quarter. Nordea Investment Management AB increased its position in shares of AT&T by 37.7% during the third quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after acquiring an additional 6,330,819 shares in the last quarter. Stifel Financial Corp increased its position in shares of AT&T by 18,965.9% during the third quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock valued at $193,917,000 after acquiring an additional 4,915,969 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AT&T by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock valued at $2,677,458,000 after acquiring an additional 3,500,299 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its position in shares of AT&T by 133.3% during the fourth quarter. Levin Capital Strategies L.P. now owns 5,534,251 shares of the technology company’s stock valued at $215,172,000 after acquiring an additional 3,161,887 shares in the last quarter. 56.12% of the stock is owned by institutional investors and hedge funds.

Shares of AT&T stock opened at $31.93 on Friday. The firm has a market cap of $197.00 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40. AT&T has a 1-year low of $32.05 and a 1-year high of $32.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.11.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.02). The business had revenue of $38.04 billion for the quarter, compared to analysts’ expectations of $39.36 billion. AT&T had a return on equity of 14.46% and a net margin of 19.25%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. equities analysts expect that AT&T will post 3.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Monday, April 9th. AT&T’s dividend payout ratio is presently 65.57%.

Several equities research analysts recently issued reports on T shares. HSBC upgraded shares of AT&T from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.90 to $41.00 in a report on Wednesday, March 28th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, March 5th. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of AT&T in a report on Sunday, April 8th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.62 target price on the stock in a report on Thursday, February 8th. Finally, Deutsche Bank dropped their target price on shares of AT&T from $41.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.95.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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