Rhumbline Advisers lifted its position in AT&T Inc. (NYSE:T – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,957,273 shares of the technology company’s stock after acquiring an additional 44,592 shares during the quarter. Rhumbline Advisers’ holdings in AT&T were worth $294,149,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in T. State of Michigan Retirement System boosted its position in AT&T by 114.8% during the 4th quarter. State of Michigan Retirement System now owns 23,359,529 shares of the technology company’s stock valued at $574,644,000 after purchasing an additional 12,483,818 shares during the period. Two Sigma Advisers LP boosted its position in AT&T by 98.4% during the 3rd quarter. Two Sigma Advisers LP now owns 12,558,300 shares of the technology company’s stock valued at $339,200,000 after purchasing an additional 6,227,500 shares during the period. Pictet Asset Management SA boosted its position in AT&T by 90.7% during the 4th quarter. Pictet Asset Management SA now owns 11,847,328 shares of the technology company’s stock valued at $291,444,000 after purchasing an additional 5,634,150 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in AT&T during the 4th quarter valued at approximately $95,642,000. Finally, Invesco Ltd. raised its stake in AT&T by 7.9% during the 3rd quarter. Invesco Ltd. now owns 41,048,270 shares of the technology company’s stock valued at $1,108,714,000 after acquiring an additional 3,005,913 shares in the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.
Shares of AT&T stock traded up $0.12 on Friday, reaching $19.84. 34,107,316 shares of the company were exchanged, compared to its average volume of 56,638,836. The stock has a fifty day moving average price of $21.52 and a 200-day moving average price of $23.53. The firm has a market capitalization of $142.03 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. AT&T Inc. has a fifty-two week low of $16.62 and a fifty-two week high of $25.57.
The business also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th were given a dividend of $0.278 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend was Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is presently 46.84%.
Several brokerages have weighed in on T. Cowen cut their target price on AT&T from $33.00 to $29.00 and set a “market perform” rating on the stock in a research note on Thursday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 11th. Wells Fargo & Company cut their target price on AT&T from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 14th. Zacks Investment Research downgraded AT&T from a “hold” rating to a “strong sell” rating and set a $17.00 target price on the stock. in a research note on Thursday, April 21st. Finally, Tigress Financial lifted their target price on AT&T from $36.00 to $41.00 in a research note on Thursday, January 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.73.
AT&T Company Profile (Get Rating)
AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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