Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in AT&T Inc. $T

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of AT&T Inc. (NYSE:T) by 22.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,856,370 shares of the technology company’s stock after purchasing an additional 336,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AT&T were worth $53,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of T. Stone House Investment Management LLC acquired a new position in AT&T during the 1st quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T during the 2nd quarter worth about $26,000. Solstein Capital LLC lifted its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Kennebec Savings Bank lifted its stake in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Hager Investment Management Services LLC lifted its stake in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $25.50 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The firm has a market capitalization of $182.35 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 2.03 and a beta of 0.42. The stock’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $27.76.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same quarter last year, the company earned $0.60 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

Analyst Upgrades and Downgrades

T has been the topic of several research reports. Wells Fargo & Company decreased their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Barclays reduced their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Bank of America initiated coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target on the stock. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 price target (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

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.