UniSuper Management Pty Ltd Boosts Stock Position in AT&T Inc. $T

UniSuper Management Pty Ltd increased its stake in AT&T Inc. (NYSE:T) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,239,542 shares of the technology company’s stock after acquiring an additional 91,062 shares during the quarter. UniSuper Management Pty Ltd’s holdings in AT&T were worth $91,485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares in the last quarter. State Street Corp grew its holdings in shares of AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after buying an additional 7,404,376 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AT&T by 1.2% in the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after buying an additional 2,066,026 shares during the last quarter. Norges Bank purchased a new position in shares of AT&T in the second quarter worth about $2,228,655,000. Finally, Ameriprise Financial Inc. raised its holdings in AT&T by 8.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after acquiring an additional 4,404,688 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on T. TD Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Arete Research set a $20.00 price target on shares of AT&T in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays cut their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group lowered their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.75.

AT&T Price Performance

Shares of NYSE:T opened at $23.56 on Friday. AT&T Inc. has a 52 week low of $22.54 and a 52 week high of $29.79. The company has a 50-day moving average price of $24.62 and a 200 day moving average price of $26.45. The company has a market cap of $166.99 billion, a P/E ratio of 7.65, a PEG ratio of 1.29 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter last year, the company earned $0.60 earnings per share. AT&T’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.