Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of AT&T Inc. (NYSE:T) by 6.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,230,115 shares of the technology company’s stock after selling 91,336 shares during the period. AT&T comprises about 1.2% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 11th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AT&T were worth $51,111,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in T. Janus Capital Management LLC boosted its stake in shares of AT&T by 8.1% in the fourth quarter. Janus Capital Management LLC now owns 6,592,826 shares of the technology company’s stock valued at $280,393,000 after buying an additional 495,986 shares during the last quarter. Cheviot Value Management LLC boosted its stake in shares of AT&T by 8.2% in the fourth quarter. Cheviot Value Management LLC now owns 42,605 shares of the technology company’s stock valued at $1,812,000 after buying an additional 3,236 shares during the last quarter. Glassman Wealth Services boosted its stake in shares of AT&T by 43.3% in the fourth quarter. Glassman Wealth Services now owns 18,236 shares of the technology company’s stock valued at $776,000 after buying an additional 5,508 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of AT&T during the fourth quarter valued at approximately $3,275,000. Finally, Intellectus Partners LLC acquired a new stake in shares of AT&T during the fourth quarter valued at approximately $1,215,000. Institutional investors and hedge funds own 55.28% of the company’s stock.
Shares of AT&T Inc. (T) opened at 38.43 on Monday. The stock has a market cap of $235.96 billion, a price-to-earnings ratio of 18.14 and a beta of 0.47. The company has a 50 day moving average of $37.65 and a 200-day moving average of $39.78. AT&T Inc. has a one year low of $35.81 and a one year high of $43.48.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s dividend payout ratio is presently 92.45%.
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Several equities analysts recently issued reports on the stock. Argus reiterated a “buy” rating and issued a $51.00 target price on shares of AT&T in a research note on Monday, April 10th. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Wednesday, April 19th. SunTrust Banks, Inc. assumed coverage on shares of AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price for the company. Finally, Macquarie reiterated a “buy” rating and issued a $45.00 target price (down from $46.00) on shares of AT&T in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company. AT&T presently has an average rating of “Hold” and a consensus target price of $43.40.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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