Mn Services Vermogensbeheer B.V. Has $64.31 Million Stock Holdings in AT&T Inc. (NYSE:T)

Mn Services Vermogensbeheer B.V. increased its position in AT&T Inc. (NYSE:T) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,824,300 shares of the technology company’s stock after purchasing an additional 58,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AT&T were worth $64,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the fourth quarter valued at about $28,000. Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership bought a new position in AT&T during the fourth quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Trading Down 0.2 %

AT&T stock opened at $26.60 on Thursday. The company has a market cap of $190.90 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.00 and a beta of 0.59. The firm has a 50-day moving average of $23.73 and a 200-day moving average of $22.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $27.16.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.17%. AT&T’s payout ratio is 74.50%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.