Public Employees Retirement Association of Colorado Lowers Stake in AT&T Inc. (NYSE:T)

Public Employees Retirement Association of Colorado cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 960,728 shares of the technology company's stock after selling 30,969 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in AT&T were worth $21,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Passumpsic Savings Bank lifted its holdings in AT&T by 12.2% in the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock valued at $382,000 after acquiring an additional 1,893 shares during the period. Sculati Wealth Management LLC lifted its stake in shares of AT&T by 38.9% in the third quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after purchasing an additional 12,772 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in AT&T by 6.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock worth $2,848,000 after buying an additional 7,394 shares in the last quarter. World Investment Advisors LLC grew its position in AT&T by 28.4% during the third quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after buying an additional 38,548 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in AT&T by 386.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 266,565 shares of the technology company's stock valued at $5,864,000 after buying an additional 211,723 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of a number of research analyst reports. 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. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada upped their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.62.

AT&T Trading Down 2.7 %

NYSE:T opened at $26.80 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a one year low of $16.73 and a one year high of $29.03. The business's 50-day simple moving average is $26.96 and its 200 day simple moving average is $24.35. The stock has a market cap of $192.38 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.

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