APG Asset Management N.V. Grows Holdings in AT&T Inc. (NYSE:T)

APG Asset Management N.V. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 344.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,849,706 shares of the technology company's stock after acquiring an additional 3,758,582 shares during the quarter. APG Asset Management N.V. owned 0.07% of AT&T worth $106,642,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised its holdings in 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 buying an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on T shares. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Oppenheimer raised their price target on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Finally, Scotiabank lifted their target price on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.

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AT&T Stock Performance

NYSE:T traded up $0.40 on Friday, reaching $26.79. 32,053,085 shares of the company's stock were exchanged, compared to its average volume of 36,912,136. The stock has a fifty day simple moving average of $26.59 and a 200-day simple moving average of $23.97. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market cap of $192.29 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.14%. AT&T's dividend payout ratio is currently 74.50%.

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.