AT&T Inc. (NYSE:T) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in shares of AT&T Inc. (NYSE:T) by 908.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,309 shares of the technology company’s stock after purchasing an additional 38,113 shares during the quarter. Loomis Sayles & Co. L P’s holdings in AT&T were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP purchased a new stake in shares of AT&T in the second quarter valued at about $23,888,000. Swiss National Bank lifted its holdings in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares in the last quarter. Talbot Financial LLC purchased a new stake in shares of AT&T in the third quarter valued at about $7,438,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of AT&T by 12.2% in the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after purchasing an additional 288,093 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on T shares. Barclays upped their price target on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price objective on shares of AT&T in a research note on Thursday, October 24th. Tigress Financial upped their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Citigroup upped their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.53.

AT&T Price Performance

AT&T stock opened at $23.27 on Thursday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $23.38. The firm has a fifty day moving average of $22.10 and a 200-day moving average of $20.07. The firm has a market capitalization of $166.97 billion, a P/E ratio of 18.92, a PEG ratio of 3.47 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts predict that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

About AT&T

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.