AT&T Inc. $T Shares Bought by Andra AP fonden

Andra AP fonden grew its stake in shares of AT&T Inc. (NYSE:T) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,137,100 shares of the technology company’s stock after acquiring an additional 99,200 shares during the period. Andra AP fonden’s holdings in AT&T were worth $32,908,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of T. Horan Securities Inc. purchased a new position in AT&T in the 2nd quarter valued at approximately $216,000. Stone House Investment Management LLC grew its holdings in AT&T by 53.0% in the second quarter. Stone House Investment Management LLC now owns 1,354 shares of the technology company’s stock valued at $39,000 after purchasing an additional 469 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in AT&T by 3.8% in the second quarter. Resona Asset Management Co. Ltd. now owns 2,657,925 shares of the technology company’s stock valued at $76,609,000 after purchasing an additional 97,280 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in shares of AT&T by 75.8% in the second quarter. Atlantic Union Bankshares Corp now owns 85,633 shares of the technology company’s stock valued at $2,478,000 after buying an additional 36,933 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. raised its stake in shares of AT&T by 56.6% during the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 20,770 shares of the technology company’s stock worth $601,000 after buying an additional 7,510 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on T. Morgan Stanley increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday, October 23rd. The Goldman Sachs Group started coverage on shares of AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.67.

AT&T Stock Up 0.5%

T stock opened at $24.55 on Thursday. The company has a 50 day moving average price of $27.32 and a two-hundred day moving average price of $27.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $175.54 billion, a P/E ratio of 7.97, a PEG ratio of 2.16 and a beta of 0.42. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is 36.04%.

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.