Lansforsakringar Fondforvaltning AB publ Buys Shares of 2,414,255 AT&T Inc. (NYSE:T)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,414,255 shares of the technology company's stock, valued at approximately $54,973,000.

Other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Minot DeBlois Advisors LLC bought a new stake in AT&T in the fourth quarter worth $25,000. Putney Financial Group LLC bought a new stake in AT&T in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new stake in AT&T in the fourth quarter worth $28,000. Finally, Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock traded up $0.35 during trading on Friday, hitting $27.73. 47,953,734 shares of the company's stock traded hands, compared to its average volume of 36,897,732. AT&T Inc. has a 1 year low of $17.42 and a 1 year high of $29.03. The business has a 50-day simple moving average of $27.36 and a 200-day simple moving average of $25.27. 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 stock has a market capitalization of $199.53 billion, a P/E ratio of 18.61, a PEG ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Barclays boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.