UniSuper Management Pty Ltd Trims Position in AT&T Inc. (NYSE:T)

UniSuper Management Pty Ltd lessened its position in AT&T Inc. (NYSE:T - Free Report) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,974,248 shares of the technology company's stock after selling 392,288 shares during the quarter. UniSuper Management Pty Ltd's holdings in AT&T were worth $44,954,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in AT&T during the 4th quarter worth $14,700,000. Franklin Resources Inc. raised its holdings 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 acquiring an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp grew its holdings in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $691,000. Finally, West Family Investments Inc. lifted its position in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after purchasing an additional 15,680 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on T shares. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price for the company. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Scotiabank boosted their price target on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.79.

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AT&T Stock Performance

Shares of T stock traded down $0.00 during trading hours 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 company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company's 50 day moving average is $25.70 and its two-hundred day moving average is $23.53. The company has a market cap of $202.40 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.51.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 3.94%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

AT&T Company 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.