AMF Tjanstepension AB Acquires 472,299 Shares of AT&T Inc. (NYSE:T)

AMF Tjanstepension AB increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,014,023 shares of the technology company's stock after buying an additional 472,299 shares during the period. AMF Tjanstepension AB's holdings in AT&T were worth $45,859,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter valued at $28,000. Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership bought a new stake in AT&T in the 4th quarter valued at $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after purchasing an additional 841 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Scotiabank increased their price target on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Sanford C. Bernstein raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Barclays raised their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $26.74.

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AT&T Price Performance

T traded up $0.42 during midday trading on Friday, hitting $27.15. The company had a trading volume of 35,337,449 shares, compared to its average volume of 40,747,570. 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 $194.85 billion, a PE ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The firm's 50-day simple moving average is $24.30 and its 200-day simple moving average is $22.82.

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 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%. Equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T's payout ratio is presently 74.50%.

About AT&T

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.