Oregon Public Employees Retirement Fund boosted its stake in AT&T Inc. (NYSE:T) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,648,956 shares of the technology company’s stock after purchasing an additional 324,742 shares during the period. AT&T makes up approximately 1.8% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 5th largest position. Oregon Public Employees Retirement Fund’s holdings in AT&T were worth $133,704,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Voloridge Investment Management LLC grew its position in shares of AT&T by 850.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 12,181,178 shares of the technology company’s stock valued at $347,285,000 after acquiring an additional 10,900,074 shares during the period. BlackRock Inc. grew its position in shares of AT&T by 0.8% during the 4th quarter. BlackRock Inc. now owns 485,568,654 shares of the technology company’s stock valued at $13,964,955,000 after acquiring an additional 3,666,423 shares during the period. Morgan Stanley grew its position in shares of AT&T by 2.2% during the 3rd quarter. Morgan Stanley now owns 75,022,082 shares of the technology company’s stock valued at $2,138,879,000 after acquiring an additional 1,628,117 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $40,784,000. Finally, Drexel Morgan & Co. boosted its holdings in AT&T by 106.1% in the 4th quarter. Drexel Morgan & Co. now owns 2,604,212 shares of the technology company’s stock worth $74,897,000 after buying an additional 1,340,421 shares during the period. 51.17% of the stock is owned by institutional investors and hedge funds.
T stock traded down $0.07 during mid-day trading on Tuesday, reaching $29.25. The company had a trading volume of 771,178 shares, compared to its average volume of 42,973,785. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $208.44 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The firm has a 50 day moving average of $28.98 and a 200 day moving average of $28.89. AT&T Inc. has a 12 month low of $26.08 and a 12 month high of $38.51.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 1st. Stockholders of record on Monday, January 11th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, January 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.11%. AT&T’s dividend payout ratio is presently 58.26%.
Several brokerages recently weighed in on T. Royal Bank of Canada dropped their target price on shares of AT&T from $32.00 to $30.00 in a report on Monday, October 26th. Credit Suisse Group dropped their target price on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. Morgan Stanley downgraded shares of AT&T from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $36.00 to $34.00 in a report on Thursday, December 17th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, January 4th. Finally, Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a research note on Thursday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.12.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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