Swedbank AB Has $72.59 Million Holdings in AT&T Inc. (NYSE:T)

Swedbank AB grew its stake in AT&T Inc. (NYSE:T - Free Report) by 7.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,299,715 shares of the technology company's stock after purchasing an additional 219,382 shares during the period. Swedbank AB's holdings in AT&T were worth $72,594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Syon Capital LLC lifted its stake in AT&T by 46.3% during the 4th quarter. Syon Capital LLC now owns 16,652 shares of the technology company's stock valued at $279,000 after acquiring an additional 5,269 shares during the period. Fisher Asset Management LLC increased its stake in shares of AT&T by 29.4% in the 4th quarter. Fisher Asset Management LLC now owns 130,844 shares of the technology company's stock worth $2,196,000 after acquiring an additional 29,757 shares during the last quarter. First Hawaiian Bank raised its stake in AT&T by 4.2% during the first quarter. First Hawaiian Bank now owns 135,828 shares of the technology company's stock worth $2,391,000 after purchasing an additional 5,422 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of AT&T by 7.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 29,340 shares of the technology company's stock valued at $516,000 after buying an additional 2,036 shares during the period. Finally, Farmers Trust Co. lifted its stake in shares of AT&T by 3.1% in the 1st quarter. Farmers Trust Co. now owns 354,737 shares of the technology company's stock valued at $6,243,000 after purchasing an additional 10,546 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Evercore ISI raised their price target on AT&T from $18.00 to $19.00 and gave the stock an "in-line" rating in a research report on Thursday, July 25th. Moffett Nathanson increased their price objective on AT&T from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. Redburn Atlantic raised shares of AT&T to a "strong sell" rating in a research report on Monday, September 16th. Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Finally, Oppenheimer upped their target price on shares of AT&T from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.69.

AT&T Price Performance

T opened at $21.53 on Wednesday. AT&T Inc. has a 1 year low of $14.23 and a 1 year high of $22.34. The stock has a fifty day moving average price of $20.81 and a 200 day moving average price of $18.89. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The stock has a market cap of $154.34 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 3.62 and a beta of 0.60.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts' consensus estimates of $0.57. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm's revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. Analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Thursday, October 10th. AT&T's payout ratio is presently 59.68%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.