712,598 Shares in AT&T Inc. (NYSE:T) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. invested approximately $20.15 million in AT&T Inc., acquiring 712,598 shares in the first quarter.
• Analyst ratings for AT&T show a mix, with one sell, six holds, eighteen buys, and one strong buy, giving the stock an average rating of "Moderate Buy" and a consensus target price of $29.66.
• AT&T reported a quarterly earnings per share (EPS) of $0.54, exceeding estimates, and announced a dividend yield of 4.0% with an annualized dividend of $1.11.

ASR Vermogensbeheer N.V. purchased a new position in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 712,598 shares of the technology company's stock, valued at approximately $20,154,000.

Several other institutional investors also recently added to or reduced their stakes in T. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $27,000. 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 buying an additional 641 shares in the last quarter. Finally, 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 buying an additional 568 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. UBS Group reaffirmed a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Finally, HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued 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 an average price target of $29.66.

AT&T Trading Up 2.0%

NYSE:T traded up $0.56 during mid-day trading on Thursday, hitting $28.05. The company had a trading volume of 35,250,757 shares, compared to its average volume of 34,202,664. AT&T Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $29.19. The business's fifty day moving average is $27.83 and its two-hundred day moving average is $26.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $200.59 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.41 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, July 10th. AT&T's dividend 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.