Forsta AP Fonden decreased its stake in shares of AT&T Inc. (NYSE:T) by 46.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,007 shares of the technology company’s stock after selling 75,052 shares during the period. Forsta AP Fonden’s holdings in AT&T were worth $3,369,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after purchasing an additional 9,053,649 shares during the last quarter. Janus Henderson Group PLC boosted its position in AT&T by 6,188.8% in the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after purchasing an additional 6,790,430 shares during the last quarter. Ameriprise Financial Inc. boosted its position in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares during the last quarter. BlackRock Inc. boosted its position in AT&T by 1.1% in the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in AT&T by 31.4% in the second quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock worth $599,193,000 after purchasing an additional 3,798,090 shares during the last quarter. 55.76% of the stock is currently owned by institutional investors.
In related news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE T) opened at $36.90 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a one year low of $32.55 and a one year high of $42.70. The stock has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a P/E/G ratio of 3.14 and a beta of 0.44.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. research analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s payout ratio is presently 96.15%.
Several research analysts have weighed in on T shares. SunTrust Banks reissued a “hold” rating and issued a $36.00 price objective on shares of AT&T in a research report on Friday, October 27th. Nomura cut their price objective on AT&T to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, November 21st. Standpoint Research assumed coverage on AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price on the stock. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a research note on Monday, October 16th. Finally, Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. AT&T presently has an average rating of “Hold” and an average price target of $42.59.
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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