Asset Management One Co. Ltd. increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,439,725 shares of the technology company's stock after purchasing an additional 12,931 shares during the period. Asset Management One Co. Ltd.'s holdings in AT&T were worth $78,632,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. International Assets Investment Management LLC acquired a new position in AT&T in the fourth quarter worth approximately $14,700,000. Swiss National Bank boosted its stake in shares of AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after acquiring an additional 104,700 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of AT&T by 41.4% during 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 grew its holdings in shares of AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in shares of AT&T by 18.3% in the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock worth $4,312,000 after acquiring an additional 30,281 shares during the last quarter. Institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
T stock traded up $0.25 during mid-day trading on Monday, reaching $25.88. 31,683,390 shares of the stock traded hands, compared to its average volume of 38,630,956. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $25.93. The business has a 50-day moving average of $23.23 and a two-hundred day moving average of $22.08. The firm has a market capitalization of $185.66 billion, a PE ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts predict that AT&T Inc. will post 2.15 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.29%. AT&T's dividend payout ratio is 74.50%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on T. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Oppenheimer assumed coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.
Read Our Latest Analysis on T
About AT&T
(
Free Report)
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.
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