Oregon Public Employees Retirement Fund Purchases 195,519 Shares of AT&T Inc. $T

Oregon Public Employees Retirement Fund increased its position in AT&T Inc. (NYSE:T) by 31.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 817,293 shares of the technology company’s stock after buying an additional 195,519 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in AT&T were worth $23,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in 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 purchasing an additional 10,188 shares during the period. SCS Capital Management LLC bought a new position in shares of AT&T during the first quarter valued at about $323,000. Anchor Investment Management LLC grew its stake in shares of AT&T by 36.6% during the first quarter. Anchor Investment Management LLC now owns 50,943 shares of the technology company’s stock valued at $1,441,000 after buying an additional 13,663 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of AT&T in the first quarter worth about $40,000. Finally, Integrity Alliance LLC. lifted its stake in shares of AT&T by 111.7% in the 1st quarter. Integrity Alliance LLC. now owns 111,384 shares of the technology company’s stock valued at $3,150,000 after acquiring an additional 58,759 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $24.19 on Friday. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The firm has a market capitalization of $171.49 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.28 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $26.81.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analyst Weigh In

Several analysts have weighed in on T shares. UBS Group reiterated a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Barclays decreased their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday, October 23rd. Scotiabank reissued a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $29.42.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.