Norinchukin Bank The increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 304,583 shares of the technology company's stock after purchasing an additional 18,570 shares during the period. Norinchukin Bank The's holdings in AT&T were worth $6,935,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ossiam increased its stake in shares of AT&T by 68.1% in the 4th quarter. Ossiam now owns 411,464 shares of the technology company's stock valued at $9,369,000 after purchasing an additional 166,635 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of AT&T by 33.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 994,612 shares of the technology company's stock valued at $22,647,000 after acquiring an additional 246,796 shares during the last quarter. Capital International Inc. CA lifted its holdings in AT&T by 15.3% during the 4th quarter. Capital International Inc. CA now owns 34,533 shares of the technology company's stock worth $786,000 after buying an additional 4,571 shares during the period. Capital World Investors boosted its stake in shares of AT&T by 5.2% in the 4th quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock valued at $1,307,576,000 after purchasing an additional 2,841,837 shares during the last quarter. Finally, Carbahal Olsen Financial Services Group LLC acquired a new stake in AT&T during the 4th quarter worth about $265,000. 57.10% of the stock is currently owned by institutional investors.
AT&T Stock Performance
Shares of AT&T stock opened at $27.12 on Friday. 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 50 day moving average price of $26.84 and a 200 day moving average price of $24.14. AT&T Inc. has a 52 week low of $16.17 and a 52 week high of $29.03. The firm has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 74.50%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Scotiabank upped their price objective on shares of AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. StockNews.com lowered shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Finally, Oppenheimer upped their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $27.24.
Check Out Our Latest Research Report on T
AT&T Profile
(
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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