AT&T Inc. $T Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its holdings in AT&T Inc. (NYSE:T) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 2,099,662 shares of the technology company’s stock after buying an additional 84,673 shares during the quarter. AT&T comprises about 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 22nd largest holding. Achmea Investment Management B.V.’s holdings in AT&T were worth $60,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Parcion Private Wealth LLC lifted its stake in AT&T by 2.5% in the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after buying an additional 364 shares during the last quarter. Texas Bank & Trust Co lifted its stake in AT&T by 0.6% in the second quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock valued at $1,860,000 after buying an additional 364 shares during the last quarter. David J Yvars Group lifted its stake in AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after buying an additional 372 shares during the last quarter. AllSquare Wealth Management LLC lifted its stake in AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after buying an additional 378 shares during the last quarter. Finally, Barnes Wealth Management Group Inc lifted its stake in AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after buying an additional 380 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on T shares. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Sanford C. Bernstein increased their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. Williams Trading set a $33.00 price target on AT&T in a report on Thursday, October 23rd. Finally, Wells Fargo & Company decreased their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Trading Up 0.5%

Shares of T stock opened at $24.55 on Thursday. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The stock has a market cap of $175.54 billion, a P/E ratio of 7.97, a P/E/G ratio of 2.16 and a beta of 0.42. The business has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $27.65. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

AT&T 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.