Tredje AP fonden Acquires 21,720 Shares of AT&T Inc. $T

Tredje AP fonden raised its holdings in AT&T Inc. (NYSE:T) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,221,395 shares of the technology company’s stock after buying an additional 21,720 shares during the quarter. Tredje AP fonden’s holdings in AT&T were worth $35,347,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in T. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of AT&T by 74.9% in the 1st quarter. Golden State Wealth Management LLC now owns 7,341 shares of the technology company’s stock worth $208,000 after buying an additional 3,143 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of AT&T by 9.4% in the 1st quarter. Aviance Capital Partners LLC now owns 27,261 shares of the technology company’s stock worth $771,000 after buying an additional 2,338 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of AT&T by 2.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,596 shares of the technology company’s stock worth $498,000 after buying an additional 417 shares during the last quarter. Finally, Strategic Blueprint LLC grew its position in shares of AT&T by 16.3% in the 1st quarter. Strategic Blueprint LLC now owns 35,780 shares of the technology company’s stock worth $1,012,000 after buying an additional 5,011 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on T shares. TD Cowen lifted their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Cowen restated a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Sanford C. Bernstein raised their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.67.

AT&T Stock Up 0.3%

Shares of NYSE:T opened at $24.76 on Friday. The stock has a fifty day simple moving average of $27.57 and a two-hundred day simple moving average of $27.70. The stock has a market capitalization of $177.01 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.16 and a beta of 0.42. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s payout ratio is presently 36.04%.

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.