AT&T Inc. (NYSE:T) Holdings Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in AT&T Inc. (NYSE:T) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 2,449,243 shares of the technology company’s stock after acquiring an additional 3,108 shares during the period. Handelsbanken Fonder AB’s holdings in AT&T were worth $55,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthCare Investment Partners LLC grew its position in AT&T by 9.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 23,818 shares of the technology company’s stock worth $544,000 after purchasing an additional 2,092 shares in the last quarter. LMG Wealth Partners LLC boosted its position in shares of AT&T by 0.6% in the fourth quarter. LMG Wealth Partners LLC now owns 83,811 shares of the technology company’s stock worth $1,908,000 after buying an additional 490 shares during the period. TBH Global Asset Management LLC grew its holdings in shares of AT&T by 6.4% during the fourth quarter. TBH Global Asset Management LLC now owns 26,045 shares of the technology company’s stock valued at $593,000 after buying an additional 1,557 shares in the last quarter. Financial Sense Advisors Inc. raised its position in AT&T by 11.1% during the fourth quarter. Financial Sense Advisors Inc. now owns 44,399 shares of the technology company’s stock valued at $1,011,000 after buying an additional 4,423 shares during the period. Finally, Parthenon LLC lifted its stake in AT&T by 3.4% in the 4th quarter. Parthenon LLC now owns 18,098 shares of the technology company’s stock worth $412,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.6 %

AT&T stock opened at $26.23 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $188.28 billion, a PE ratio of 17.60, a PEG ratio of 2.99 and a beta of 0.59. The business’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $22.20.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.23%. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several research firms have weighed in on T. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Scotiabank upped their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.33.

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.