AT&T Inc. (NYSE:T) Shares Bought by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 62.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,978 shares of the technology company's stock after buying an additional 44,727 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in AT&T were worth $3,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. AllSquare Wealth Management LLC raised its stake in shares of AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after purchasing an additional 378 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in AT&T by 607.9% in the 1st quarter. Proficio Capital Partners LLC now owns 203,757 shares of the technology company's stock worth $5,763,000 after buying an additional 174,975 shares in the last quarter. Summit Asset Management LLC raised its position in AT&T by 15.9% in the 1st quarter. Summit Asset Management LLC now owns 44,855 shares of the technology company's stock worth $1,268,000 after buying an additional 6,139 shares during the last quarter. VCI Wealth Management LLC purchased a new position in AT&T in the 1st quarter worth about $1,332,000. Finally, VSM Wealth Advisory LLC lifted its stake in AT&T by 31.1% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,521 shares of the technology company's stock valued at $71,000 after acquiring an additional 598 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE:T traded down $0.01 on Tuesday, hitting $27.37. 35,137,257 shares of the company were exchanged, compared to its average volume of 36,369,869. The firm has a market capitalization of $196.97 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.19. The stock's 50 day moving average price is $27.74 and its 200 day moving average price is $26.49.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.05%. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analyst Weigh In

T has been the topic of several research reports. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada upped their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Scotiabank lifted their price objective on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $29.17.

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.