Swedbank AB Buys 86,548 Shares of AT&T Inc. (NYSE:T)

Swedbank AB increased its position in AT&T Inc. (NYSE:T - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,386,263 shares of the technology company's stock after purchasing an additional 86,548 shares during the quarter. Swedbank AB's holdings in AT&T were worth $77,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in T. International Assets Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth about $14,700,000. Swiss National Bank increased its stake in AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock valued at $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Caprock Group LLC grew its holdings in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after buying an additional 30,281 shares during the last quarter. Finally, Talbot Financial LLC purchased a new position in AT&T in the 3rd quarter worth approximately $7,438,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE T traded down $0.08 during mid-day trading on Thursday, reaching $24.16. The company's stock had a trading volume of 21,943,565 shares, compared to its average volume of 38,146,805. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The stock has a fifty day moving average of $22.89 and a two-hundred day moving average of $21.57. The firm has a market capitalization of $173.32 billion, a PE ratio of 19.63, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last announced its quarterly 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 7.42% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's payout ratio is 74.50%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Scotiabank lifted their target price on AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Finally, Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.11.

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.