Cordatus Wealth Management LLC Buys New Stake in AT&T Inc. (NYSE:T)

Cordatus Wealth Management LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,780 shares of the technology company’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also bought and sold shares of T. WESPAC Advisors LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $781,000. Exane Derivatives boosted its position in shares of AT&T by 191.8% in the 4th quarter. Exane Derivatives now owns 130,025 shares of the technology company’s stock worth $3,710,000 after purchasing an additional 85,459 shares during the last quarter. Questar Asset Management Inc. bought a new position in shares of AT&T in the 4th quarter worth $450,000. Arjuna Capital bought a new position in shares of AT&T in the 4th quarter worth $801,000. Finally, HCR Wealth Advisors bought a new position in shares of AT&T in the 4th quarter worth $786,000. 53.02% of the stock is owned by institutional investors and hedge funds.

AT&T stock traded up $0.18 during midday trading on Tuesday, reaching $32.11. 17,743,722 shares of the company’s stock were exchanged, compared to its average volume of 30,810,941. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $34.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $237.12 billion, a P/E ratio of 9.12, a PEG ratio of 2.02 and a beta of 0.55.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The company had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 3.59 earnings per share for the current year.

Several analysts recently commented on the company. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. ValuEngine downgraded AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reissued an “average” rating and issued a $56.50 price target on shares of AT&T in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. AT&T has an average rating of “Buy” and a consensus price target of $36.60.

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

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