1,015,590 Shares in AT&T Inc. (T) Acquired by Achmea Investment Management B.V.
Achmea Investment Management B.V. bought a new position in AT&T Inc. (NYSE:T) during the first quarter, Holdings Channel reports. The institutional investor bought 1,015,590 shares of the technology company’s stock, valued at approximately $42,198,000. AT&T comprises 2.0% of Achmea Investment Management B.V.’s holdings, making the stock its 4th largest position.
Other hedge funds also recently modified their holdings of the company. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T during the first quarter worth approximately $104,000. Taylor Wealth Management Partners increased its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of AT&T during the first quarter worth approximately $109,000. Sterling Investment Advisors Ltd. increased its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares during the last quarter. Finally, Asset Planning Services Ltd. increased its stake in shares of AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
AT&T Inc. (T) traded up 0.10% on Wednesday, hitting $38.20. The stock had a trading volume of 4,829,663 shares. The firm has a market cap of $234.55 billion, a price-to-earnings ratio of 17.95 and a beta of 0.47. The company’s 50-day moving average price is $37.59 and its 200 day moving average price is $39.56. AT&T Inc. has a one year low of $35.81 and a one year high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. AT&T’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. Analysts expect that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.14%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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A number of analysts have recently commented on T shares. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.97 target price on the stock in a research note on Wednesday, May 17th. Macquarie restated a “buy” rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Wednesday, April 19th. Barclays PLC lowered their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada set a $42.00 target price on AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.50.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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