Public Employees Retirement System of Ohio Cuts Stock Position in AT&T Inc. (NYSE:T)

Public Employees Retirement System of Ohio cut its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,445,369 shares of the technology company's stock after selling 40,207 shares during the period. Public Employees Retirement System of Ohio's holdings in AT&T were worth $78,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of T. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its stake 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 worth $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the fourth quarter worth approximately $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock opened at $27.22 on Friday. The company has a market capitalization of $195.86 billion, a P/E ratio of 18.27, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a twelve month low of $17.11 and a twelve month high of $29.03. The business has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $25.05. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $30.39 billion. During the same period in the previous year, the company posted $0.55 earnings per share. AT&T's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Scotiabank restated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research note 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, Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.