AT&T Inc. (NYSE:T) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 167.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,205,000 shares of the technology company's stock after purchasing an additional 755,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in AT&T were worth $27,438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. grew its position in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Whittier Trust Co. grew its position in shares of AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after acquiring an additional 433 shares during the period. Wealthstream Advisors Inc. increased its stake in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Northeast Investment Management raised its holdings in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after purchasing an additional 451 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

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AT&T Trading Down 1.8 %

NYSE:T traded down $0.50 on Tuesday, hitting $26.34. The stock had a trading volume of 48,017,996 shares, compared to its average volume of 36,681,135. The company has a fifty day moving average price of $26.31 and a two-hundred day moving average price of $23.80. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. 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 stock has a market cap of $189.04 billion, a price-to-earnings ratio of 17.67, a PEG 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, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is presently 74.50%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday. Finally, UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.21.

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.