Tredje AP fonden cut its position in AT&T Inc. (NYSE:T) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,067 shares of the technology company’s stock after selling 33,584 shares during the period. AT&T comprises approximately 0.9% of Tredje AP fonden’s portfolio, making the stock its 14th largest position. Tredje AP fonden’s holdings in AT&T were worth $21,983,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Hampstead Capital LLP purchased a new stake in AT&T during the fourth quarter valued at about $7,119,000. Loomis Sayles & Co. L P raised its stake in AT&T by 120,691.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 176,356 shares of the technology company’s stock valued at $7,501,000 after buying an additional 176,210 shares during the period. SRS Capital Advisors Inc. purchased a new stake in AT&T during the fourth quarter valued at about $406,000. Janus Capital Management LLC raised its stake in 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 period. Finally, Cheviot Value Management LLC raised its stake in 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 period. 55.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T Inc. (T) opened at 37.37 on Friday. The firm has a market cap of $229.45 billion, a P/E ratio of 17.56 and a beta of 0.47. The firm’s 50-day moving average is $37.59 and its 200-day moving average is $39.51. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.03.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.24%. AT&T’s dividend payout ratio is presently 92.45%.
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T has been the topic of several research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $41.00 price objective (down from $42.00) on shares of AT&T in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target on the stock in a research note on Wednesday, June 21st. Finally, Drexel Hamilton restated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. AT&T presently has a consensus rating of “Hold” and a consensus price target of $43.50.
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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