Paradigm Asset Management Co. LLC Has $1.21 Million Stake in AT&T Inc. (NYSE:T)

Paradigm Asset Management Co. LLC reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,280 shares of the technology company's stock after selling 99,500 shares during the period. Paradigm Asset Management Co. LLC's holdings in AT&T were worth $1,213,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in T. Geode Capital Management LLC boosted its position in AT&T by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after purchasing an additional 3,630,972 shares during the period. Franklin Resources Inc. lifted its stake in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after buying an additional 2,326,904 shares during the last quarter. National Pension Service lifted its stake in AT&T by 15.8% in the third quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock valued at $346,934,000 after buying an additional 2,152,016 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AT&T by 112.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company's stock valued at $64,167,000 after acquiring an additional 1,546,679 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of AT&T by 7.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock worth $378,807,000 after acquiring an additional 1,206,330 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 28th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. Finally, BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen 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 currently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

AT&T Price Performance

T stock traded up $0.49 on Friday, hitting $26.64. 58,384,223 shares of the company's stock traded hands, compared to its average volume of 38,439,449. The stock has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 3.01 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.72. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average of $23.44 and a 200-day moving average of $22.23.

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 return on equity of 13.97% and a net margin of 8.95%. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio is 74.50%.

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.