AT&T Inc. (NYSE:T) Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp boosted its holdings in AT&T Inc. (NYSE:T) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,713 shares of the technology company’s stock after buying an additional 1,567 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in AT&T were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of AT&T by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 624,994,998 shares of the technology company’s stock valued at $10,999,912,000 after acquiring an additional 2,588,539 shares during the last quarter. Bank of New York Mellon Corp increased its stake in AT&T by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock valued at $1,549,375,000 after purchasing an additional 5,592,123 shares during the last quarter. Norges Bank acquired a new stake in AT&T during the fourth quarter worth approximately $1,118,288,000. Dimensional Fund Advisors LP lifted its position in shares of AT&T by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock worth $794,978,000 after buying an additional 1,137,792 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of AT&T by 1.1% in the 1st quarter. LSV Asset Management now owns 29,777,030 shares of the technology company’s stock valued at $524,076,000 after buying an additional 333,787 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE:T opened at $20.99 on Friday. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $21.00. The company has a 50-day moving average price of $19.31 and a 200 day moving average price of $18.00. The company has a market cap of $150.47 billion, a P/E ratio of 11.28, a PEG ratio of 3.36 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period last year, the firm earned $0.63 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.29%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on T. UBS Group reissued a “buy” rating and issued a $24.00 price target on shares of AT&T in a research report on Tuesday, June 18th. JPMorgan Chase & Co. boosted their target price on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Daiwa America upgraded AT&T to a “hold” rating in a research note on Friday, July 26th. Scotiabank cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Moffett Nathanson raised their target price on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.06.

AT&T Profile

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.