Mn Services Vermogensbeheer B.V. lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,378,200 shares of the technology company's stock after selling 104,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in AT&T were worth $56,686,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in AT&T by 1.2% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company's stock valued at $1,119,000 after buying an additional 547 shares in the last quarter. SMH Capital Advisors Inc. grew its position in AT&T by 1.8% in the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company's stock valued at $585,000 after buying an additional 565 shares in the last quarter. Kahn Brothers Group Inc. grew its position in AT&T by 3.4% in the 4th quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company's stock valued at $319,000 after buying an additional 575 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company's stock valued at $39,000 after buying an additional 606 shares in the last quarter. Finally, JB Capital LLC grew its position in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company's stock valued at $447,000 after buying an additional 614 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
AT&T Stock Down 0.7 %
AT&T stock traded down $0.11 during mid-day trading on Friday, hitting $16.31. 41,785,200 shares of the company's stock were exchanged, compared to its average volume of 34,946,256. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.99. The stock has a 50 day moving average of $17.10 and a two-hundred day moving average of $16.46. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market cap of $116.66 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.48 and a beta of 0.57.
AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.81%. AT&T's dividend payout ratio is presently 56.63%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. Tigress Financial upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. TheStreet raised shares of AT&T from a "c" rating to a "b-" rating in a report on Wednesday, January 24th. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Finally, Citigroup upped their price target on shares of AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.68.
Check Out Our Latest Stock Analysis on AT&T
AT&T Company Profile
(
Free Report)
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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