Elo Mutual Pension Insurance Co Sells 27,104 Shares of AT&T Inc. (NYSE:T)

Elo Mutual Pension Insurance Co reduced its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 654,343 shares of the technology company's stock after selling 27,104 shares during the period. Elo Mutual Pension Insurance Co's holdings in AT&T were worth $14,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Loomis Sayles & Co. L P grew its holdings in shares of AT&T by 908.3% in the third quarter. Loomis Sayles & Co. L P now owns 42,309 shares of the technology company's stock valued at $931,000 after acquiring an additional 38,113 shares in the last quarter. FMR LLC increased its holdings in AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after buying an additional 1,149,688 shares during the last quarter. Avestar Capital LLC raised its position in AT&T by 10.7% in the third quarter. Avestar Capital LLC now owns 36,892 shares of the technology company's stock worth $812,000 after acquiring an additional 3,556 shares during the period. Townsquare Capital LLC boosted its stake in AT&T by 1.1% in the third quarter. Townsquare Capital LLC now owns 546,710 shares of the technology company's stock valued at $12,028,000 after acquiring an additional 6,071 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in shares of AT&T by 38.1% during the 3rd quarter. Bridgewater Associates LP now owns 1,289,648 shares of the technology company's stock valued at $28,372,000 after acquiring an additional 355,527 shares during the period. 57.10% of the stock is owned by institutional investors.

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AT&T Trading Down 0.0 %

Shares of T traded down $0.00 during mid-day trading on Friday, reaching $28.20. The company's stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The company has a current ratio of 0.66, a quick ratio of 0.62 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 $28.51. The company's fifty day moving average price is $25.70 and its two-hundred day moving average price is $23.53. The stock has a market cap of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. On average, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

A number of brokerages have recently commented on T. Argus raised 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. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. 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. Scotiabank boosted their target price 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. Finally, Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $26.79.

AT&T Company 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.