Optiver Holding B.V. Makes New Investment in AT&T Inc. (NYSE:T)

Optiver Holding B.V. purchased a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,517 shares of the technology company’s stock, valued at approximately $171,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC increased its holdings in shares of AT&T by 0.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 835,069 shares of the technology company’s stock worth $19,015,000 after buying an additional 6,488 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AT&T in the fourth quarter worth about $58,000. Johnson Financial Group Inc. increased its holdings in shares of AT&T by 21.0% in the fourth quarter. Johnson Financial Group Inc. now owns 125,780 shares of the technology company’s stock worth $3,013,000 after buying an additional 21,793 shares during the period. Boothbay Fund Management LLC increased its holdings in shares of AT&T by 46.7% in the fourth quarter. Boothbay Fund Management LLC now owns 1,341,769 shares of the technology company’s stock worth $30,552,000 after buying an additional 427,364 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of AT&T by 0.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 377,728 shares of the technology company’s stock worth $8,601,000 after buying an additional 3,305 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $27.25 on Tuesday. The stock has a 50-day moving average price of $26.98 and a 200-day moving average price of $24.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market cap of $195.61 billion, a PE ratio of 18.29, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $16.73 and a 1 year high of $29.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Royal Bank of Canada boosted their price target on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Barclays boosted their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.62.

AT&T Company Profile

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.