AT&T (NYSE:T) Stake Raised by Asset Dedication LLC

Asset Dedication LLC lifted its position in AT&T (NYSE:T) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,506 shares of the technology company’s stock after purchasing an additional 1,933 shares during the quarter. Asset Dedication LLC’s holdings in AT&T were worth $976,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in T. Vanguard Group Inc. grew 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 acquiring an additional 9,053,649 shares in the last quarter. Janus Henderson Group PLC grew 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 acquiring an additional 6,790,430 shares in the last quarter. Nordea Investment Management AB grew its position in AT&T by 37.7% in the third quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after acquiring an additional 6,330,819 shares in the last quarter. Ameriprise Financial Inc. grew 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 acquiring an additional 5,619,434 shares in the last quarter. Finally, Stifel Financial Corp grew its position in AT&T by 18,965.9% in the third quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock worth $193,917,000 after acquiring an additional 4,915,969 shares in the last quarter. 55.94% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CEO John Donovan purchased 27,997 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $35.68 per share, with a total value of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard W. Fisher purchased 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, with a total value of $99,060.00. Following the completion of the purchase, the director now owns 2,600 shares of the company’s stock, valued at $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

Several analysts have issued reports on T shares. HSBC upgraded shares of AT&T from a “hold” rating to a “buy” rating and upped their price target for the company from $34.90 to $41.00 in a research report on Wednesday, March 28th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.38 price target for the company in a research report on Wednesday, January 3rd. Finally, KeyCorp upped their price target on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.56.

Shares of NYSE:T traded down $0.51 during midday trading on Friday, hitting $35.63. 25,108,300 shares of the stock traded hands, compared to its average volume of 23,540,180. The company has a market cap of $221,863.45, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T has a one year low of $32.55 and a one year high of $40.86.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. research analysts forecast that AT&T will post 3.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, April 9th. AT&T’s payout ratio is currently 65.57%.

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AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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