Achmea Investment Management B.V. lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,016,986 shares of the technology company's stock after acquiring an additional 530,059 shares during the period. AT&T makes up 0.8% of Achmea Investment Management B.V.'s portfolio, making the stock its 23rd biggest position. Achmea Investment Management B.V.'s holdings in AT&T were worth $45,926,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd acquired a new stake in AT&T during the 4th quarter valued at $65,288,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in AT&T during the 4th quarter valued at $13,706,000. Rakuten Securities Inc. boosted its stake in AT&T by 43.9% during the 4th quarter. Rakuten Securities Inc. now owns 15,597 shares of the technology company's stock valued at $355,000 after acquiring an additional 4,756 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of AT&T by 2.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 922,851 shares of the technology company's stock worth $21,013,000 after buying an additional 20,517 shares during the last quarter. Finally, Essential Planning LLC. lifted its position in shares of AT&T by 6,368.9% in the 4th quarter. Essential Planning LLC. now owns 756,996 shares of the technology company's stock worth $17,030,000 after buying an additional 745,294 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Stock Performance
T stock opened at $25.72 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $184.59 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The firm has a 50 day moving average of $24.52 and a two-hundred day moving average of $22.96.
AT&T (NYSE:T - Get Free Report) last posted its earnings results 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, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. 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 research note on Thursday, February 13th. Finally, Scotiabank raised their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.74.
Read Our Latest Analysis on AT&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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