AT&T Inc. (NYSE:T) Stock Position Raised by Korea Investment CORP

Korea Investment CORP raised its stake in AT&T Inc. (NYSE:T - Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,369,334 shares of the technology company's stock after purchasing an additional 798,622 shares during the quarter. Korea Investment CORP owned about 0.07% of AT&T worth $122,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of T. International Assets Investment Management LLC purchased a new stake in AT&T during the 4th quarter worth $14,700,000. Franklin Resources Inc. increased its position in shares of AT&T by 41.4% during the third 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 during the last quarter. Consolidated Planning Corp boosted its holdings in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $691,000. Finally, West Family Investments Inc. grew its stake in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after purchasing an additional 15,680 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T stock traded down $0.00 during trading on Friday, reaching $28.20. 35,072,594 shares of the company's stock were exchanged, compared to its average volume of 36,189,161. The firm 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. 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 1-year low of $15.94 and a 1-year high of $28.51. The company's fifty day moving average price is $25.70 and its 200-day moving average price is $23.53.

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AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 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, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 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 3.94%. AT&T's payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Citigroup boosted their target price 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. Scotiabank boosted their price objective on AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Finally, Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.79.

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.