Mn Services Vermogensbeheer B.V. Reduces Holdings in AT&T Inc. (NYSE:T)

Mn Services Vermogensbeheer B.V. cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,630,500 shares of the technology company's stock after selling 193,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in AT&T were worth $74,391,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter worth $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. Putney Financial Group LLC purchased a new stake in AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in AT&T during the fourth quarter valued at $28,000. Finally, Tradewinds Capital Management LLC increased 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 valued at $30,000 after buying an additional 430 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T stock traded down $0.14 during mid-day trading on Friday, reaching $28.13. The company's stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,665,525. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company's 50 day moving average is $27.41 and its two-hundred day moving average is $25.64. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. The stock has a market cap of $202.43 billion, a PE ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) 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 company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter last year, the company earned $0.55 earnings per share. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T 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. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Evercore ISI increased 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average 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.