AT&T Inc. (NYSE:T) Shares Acquired by ING Groep NV

ING Groep NV grew its stake in AT&T Inc. (NYSE:T - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,102,384 shares of the technology company's stock after buying an additional 187,276 shares during the period. ING Groep NV's holdings in AT&T were worth $18,498,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lipe & Dalton acquired a new stake in AT&T during the 3rd quarter worth $30,000. Ramirez Asset Management Inc. acquired a new stake in AT&T during the 3rd quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company's stock worth $39,000 after purchasing an additional 606 shares during the period. Morton Brown Family Wealth LLC boosted its stake in AT&T by 588.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company's stock worth $44,000 after purchasing an additional 2,241 shares during the period. Finally, Financial Gravity Asset Management Inc. raised its position in AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company's stock worth $41,000 after buying an additional 2,626 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Tigress Financial increased 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. Oppenheimer upgraded shares of AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target for the company in a report on Friday, January 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, January 25th. Finally, Citigroup increased their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.81.

AT&T Trading Up 0.6 %

NYSE T traded up $0.10 during mid-day trading on Friday, hitting $17.40. The company's stock had a trading volume of 25,891,151 shares, compared to its average volume of 35,199,848. The firm has a market capitalization of $124.76 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The stock's fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $16.80. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Research analysts expect that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.38%. AT&T's dividend payout ratio (DPR) is presently 59.68%.

About AT&T

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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