AT&T Inc. (NYSE:T) Stock Position Trimmed by Forsta AP Fonden

Forsta AP Fonden decreased its position in AT&T Inc. (NYSE:T) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,133,300 shares of the technology company’s stock after selling 24,500 shares during the period. Forsta AP Fonden’s holdings in AT&T were worth $48,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. International Assets Investment Management LLC bought a new position in AT&T in the 4th quarter valued at about $14,700,000. Swiss National Bank raised its holdings in AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Franklin Resources Inc. lifted its position in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the period. Caprock Group LLC boosted its stake in AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares in the last quarter. Finally, Talbot Financial LLC bought a new stake in shares of AT&T in the 3rd quarter worth $7,438,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $24.43 on Wednesday. The company’s fifty day moving average is $22.86 and its two-hundred day moving average is $21.55. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.58. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of $175.26 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. Equities research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.54%. AT&T’s payout ratio is presently 90.24%.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Citigroup upped their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.

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.