E. Ohman J or Asset Management AB Lowers Stock Holdings in AT&T Inc. (NYSE:T)

E. Ohman J or Asset Management AB trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873,268 shares of the technology company's stock after selling 26,259 shares during the period. AT&T makes up approximately 1.4% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 15th largest holding. E. Ohman J or Asset Management AB's holdings in AT&T were worth $52,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new stake in AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC bought a new stake in AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter valued at $28,000. Finally, YANKCOM Partnership bought a new position in shares of AT&T in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Down 0.7%

Shares of NYSE:T traded down $0.21 during trading on Monday, reaching $27.88. 23,350,434 shares of the stock traded hands, compared to its average volume of 36,652,898. AT&T Inc. has a 52-week low of $17.42 and a 52-week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a 50-day moving average of $27.32 and a two-hundred day moving average of $25.49. The stock has a market cap of $200.58 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

AT&T Company Profile

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.