AIA Group Ltd Increases Holdings in AT&T Inc. (NYSE:T)

AIA Group Ltd boosted its position in AT&T Inc. (NYSE:T - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 325,436 shares of the technology company's stock after purchasing an additional 9,454 shares during the period. AIA Group Ltd's holdings in AT&T were worth $7,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in AT&T in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC increased its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 2.5 %

NYSE:T traded up $0.70 during mid-day trading on Thursday, hitting $28.84. 25,216,463 shares of the company's stock traded hands, compared to its average volume of 41,830,230. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market capitalization of $207.02 billion, a P/E ratio of 19.36, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average of $26.06 and a 200 day moving average of $23.67. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.85%. AT&T's payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.21.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.