AT&T Inc. $T Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in AT&T Inc. (NYSE:T) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,194,070 shares of the technology company’s stock after acquiring an additional 337,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AT&T were worth $61,961,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in T. Kingstone Capital Partners Texas LLC purchased a new stake in shares of AT&T during the second quarter worth approximately $5,266,758,000. Norges Bank acquired a new position in AT&T in the 2nd quarter valued at $2,228,655,000. Vanguard Group Inc. raised its position in AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after buying an additional 10,310,560 shares during the last quarter. Marshall Wace LLP purchased a new position in AT&T during the 2nd quarter worth $235,422,000. Finally, State Street Corp lifted its stake in shares of AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after acquiring an additional 7,404,376 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on T shares. Royal Bank Of Canada cut their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Citigroup dropped their target price on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Williams Trading set a $33.00 price target on AT&T in a research note on Thursday, October 23rd. Finally, Arete Research set a $20.00 price objective on AT&T in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.44.

AT&T Price Performance

T stock opened at $23.69 on Friday. The firm has a 50 day moving average of $24.83 and a 200-day moving average of $26.66. The company has a market cap of $167.95 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.29 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.84 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates 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 company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.