AT&T Inc. (NYSE:T) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in AT&T during the fourth quarter valued at $14,700,000. Franklin Resources Inc. increased its stake in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp lifted its position in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Fortress Financial Solutions LLC bought a new stake in AT&T during the fourth quarter worth about $691,000. Finally, West Family Investments Inc. grew its holdings in AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after purchasing an additional 15,680 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T traded up $0.21 during trading hours on Tuesday, reaching $28.49. 43,976,615 shares of the stock traded hands, compared to its average volume of 36,275,508. The company has a market cap of $204.47 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company's 50-day moving average price is $25.82 and its two-hundred day moving average price is $23.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61.

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AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 74.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on T. Scotiabank boosted their price target on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday. Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $27.21.

AT&T 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.