AT&T Inc. (NYSE:T) Stock Holdings Lowered by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its position in AT&T Inc. (NYSE:T) by 0.1% during the 1st quarter, HoldingsChannel reports. The firm owned 2,014,989 shares of the technology company’s stock after selling 1,997 shares during the quarter. AT&T makes up about 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 20th largest position. Achmea Investment Management B.V.’s holdings in AT&T were worth $56,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Keystone Financial Group lifted its position in shares of AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after acquiring an additional 143,744 shares during the last quarter. Capstone Wealth Management LLC acquired a new position in AT&T during the 1st quarter valued at $201,000. World Investment Advisors increased its position in shares of AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. grew its stake in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, West Family Investments Inc. grew its stake in AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock worth $864,000 after buying an additional 15,680 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, June 17th. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Morgan Stanley restated an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Finally, Evercore ISI lifted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.76.

AT&T Price Performance

Shares of AT&T stock opened at $28.04 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.03. The stock has a 50 day moving average of $27.61 and a 200 day moving average of $25.91. The firm has a market cap of $201.73 billion, a PE ratio of 17.20, a PEG ratio of 3.96 and a beta of 0.41.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 9.64% and a return on equity of 13.63%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.96%. AT&T’s payout ratio is presently 68.10%.

About AT&T

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.