AT&T Inc. (NYSE:T) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,432,024 shares of the technology company's stock after selling 17,219 shares during the quarter. Handelsbanken Fonder AB's holdings in AT&T were worth $68,778,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new position in AT&T during the 4th quarter valued at about $25,000. Putney Financial Group LLC purchased a new stake in AT&T in the 4th quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in AT&T in the fourth quarter worth about $28,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 2.0%

NYSE T traded up $0.56 during trading on Tuesday, hitting $28.42. The company's stock had a trading volume of 39,923,339 shares, compared to its average volume of 36,665,904. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The company has a market cap of $204.46 billion, a PE ratio of 19.07, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business's 50 day simple moving average is $27.32 and its 200-day simple moving average is $25.52.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $30.39 billion. During the same quarter last year, the business earned $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note 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 for the company in a research note on Thursday, February 13th. Oppenheimer increased their price objective on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Finally, TD Securities upped their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

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.