Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of AT&T Inc. (NYSE:T) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,454,035 shares of the technology company’s stock after buying an additional 26,067 shares during the period. AT&T accounts for approximately 1.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 12th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AT&T were worth $56,955,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in T. Vanguard Group Inc. lifted its stake in AT&T by 2.2% during the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the last quarter. BlackRock Inc. lifted its position in shares of AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after acquiring an additional 4,104,136 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after acquiring an additional 1,672,264 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after acquiring an additional 3,572,307 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after acquiring an additional 1,263,645 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) opened at $36.37 on Tuesday. The stock has a market cap of $223,280.00, a PE ratio of 7.58, a P/E/G ratio of 2.49 and a beta of 0.37. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $42.70.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. analysts expect that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.50 per share. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.50%. AT&T’s payout ratio is currently 41.67%.
In other news, CEO John Donovan acquired 27,997 shares of AT&T stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $35.68 per share, with a total value of $998,932.96. Following the purchase, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares in the company, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Several research analysts have weighed in on T shares. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price objective on the stock in a research note on Monday, October 16th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. Robert W. Baird dropped their price target on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Finally, Deutsche Bank lowered their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.92.
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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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