Andra AP fonden increased its position in shares of AT&T Inc. (NYSE:T) by 3.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,051,806 shares of the technology company’s stock after purchasing an additional 30,506 shares during the quarter. AT&T comprises 1.0% of Andra AP fonden’s holdings, making the stock its 3rd biggest position. Andra AP fonden’s holdings in AT&T were worth $41,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Middleton & Co Inc MA boosted its holdings in AT&T by 7.9% during the third quarter. Middleton & Co Inc MA now owns 24,016 shares of the technology company’s stock valued at $941,000 after purchasing an additional 1,749 shares in the last quarter. Foundry Partners LLC boosted its holdings in AT&T by 37.9% during the third quarter. Foundry Partners LLC now owns 821,400 shares of the technology company’s stock valued at $32,174,000 after purchasing an additional 225,745 shares in the last quarter. Villere ST Denis J & Co. LLC boosted its holdings in AT&T by 113.9% during the third quarter. Villere ST Denis J & Co. LLC now owns 15,229 shares of the technology company’s stock valued at $596,000 after purchasing an additional 8,109 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in AT&T by 27.5% during the third quarter. McKinley Carter Wealth Services Inc. now owns 29,904 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 6,455 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in AT&T by 4.0% during the third quarter. Everence Capital Management Inc. now owns 123,823 shares of the technology company’s stock valued at $4,850,000 after purchasing an additional 4,770 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors and hedge funds.

AT&T Inc. (T) opened at $36.62 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $42.70. The firm has a market cap of $224,810.00, a P/E ratio of 17.61, a P/E/G ratio of 3.14 and a beta of 0.44.

AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter last year, the firm earned $0.74 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. analysts expect that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 94.23%.

In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction on Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

T has been the subject of a number of research analyst reports. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Citigroup lifted their target price on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank cut their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.59.

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AT&T 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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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