Tredje AP fonden Increases Stake in AT&T Inc. (NYSE:T)

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Tredje AP fonden grew its position in AT&T Inc. (NYSE:T) by 4.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 532,896 shares of the technology company’s stock after buying an additional 21,450 shares during the period. AT&T makes up about 0.9% of Tredje AP fonden’s investment portfolio, making the stock its 28th largest holding. Tredje AP fonden’s holdings in AT&T were worth $15,630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of T. Norges Bank purchased a new position in AT&T in the 4th quarter worth approximately $2,928,300,000. Nuveen Asset Management LLC raised its stake in shares of AT&T by 18.4% in the fourth quarter. Nuveen Asset Management LLC now owns 53,216,205 shares of the technology company’s stock worth $2,079,689,000 after purchasing an additional 8,261,619 shares during the last quarter. Swiss National Bank lifted its holdings in shares of AT&T by 21.9% during the first quarter. Swiss National Bank now owns 30,672,737 shares of the technology company’s stock valued at $894,110,000 after purchasing an additional 5,511,700 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AT&T by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 109,540,861 shares of the technology company’s stock valued at $4,272,292,000 after buying an additional 4,091,166 shares during the last quarter. Finally, Unigestion Holding SA purchased a new stake in shares of AT&T during the first quarter valued at $97,908,000. Hedge funds and other institutional investors own 54.65% of the company’s stock.

Shares of T remained flat at $$29.77 during mid-day trading on Friday. 12,307,970 shares of the company’s stock were exchanged, compared to its average volume of 34,959,516. The firm has a market capitalization of $213.84 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70. The business’s 50 day moving average price is $29.64 and its two-hundred day moving average price is $35.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.76 and a current ratio of 0.76.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 3.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend was Wednesday, April 8th. AT&T’s dividend payout ratio is currently 58.26%.

Several equities analysts have issued reports on the stock. Guggenheim lowered their target price on shares of AT&T from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Bank of America dropped their target price on shares of AT&T from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. SunTrust Banks decreased their target price on shares of AT&T from $36.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, April 3rd. Cfra dropped their price target on AT&T from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Deutsche Bank reduced their price objective on AT&T from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.15.

In related news, Director Stephen J. Luczo acquired 36,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $29.38 per share, with a total value of $1,057,680.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey Y. Yang acquired 6,754 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of $29.39 per share, with a total value of $198,500.06. Following the transaction, the director now owns 9,398 shares of the company’s stock, valued at $276,207.22. The disclosure for this purchase can be found here. Company insiders own 0.07% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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