ASR Vermogensbeheer N.V. Has $20.91 Million Stock Holdings in AT&T Inc. $T

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in AT&T Inc. by 1.4% during Q2, owning 722,568 shares valued at $20.91 million.
• AT&T is currently trading at $27.55, down 2.5%, with a consensus rating of "Moderate Buy" and an average price target of $30.74.
• The company announced a quarterly dividend of $0.2775, with a yield of 4.0%, set to be paid on November 3rd.

ASR Vermogensbeheer N.V. boosted its position in AT&T Inc. (NYSE:T - Free Report) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 722,568 shares of the technology company's stock after buying an additional 9,970 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in AT&T were worth $20,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Stone House Investment Management LLC acquired a new position in shares of AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T in the 2nd quarter valued at $26,000. Hager Investment Management Services LLC boosted its stake in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares during the period. Core Alternative Capital boosted its stake in AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares during the period. Finally, IMA Advisory Services Inc. bought a new stake in AT&T in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on T shares. The Goldman Sachs Group started coverage on AT&T in a report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price target for the company. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. UBS Group set a $33.00 price target on AT&T in a report on Thursday, September 18th. Finally, Scotiabank boosted their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $30.74.

AT&T Stock Down 2.5%

T stock opened at $27.55 on Thursday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average is $28.63 and its 200-day moving average is $27.91. The firm has a market capitalization of $196.96 billion, a PE ratio of 15.65, a P/E/G ratio of 3.62 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the prior year, the company earned $0.51 earnings per share. AT&T's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's payout ratio is 63.07%.

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.

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