339,778 Shares in AT&T Inc. (NYSE:T) Bought by Allianz SE

Allianz SE purchased a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 339,778 shares of the technology company’s stock, valued at approximately $7,683,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter worth approximately $30,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.0 %

Shares of T stock opened at $28.20 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business has a 50-day moving average of $25.70 and a 200 day moving average of $23.51. The stock has a market capitalization of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s dividend payout ratio is presently 74.50%.

Analyst Ratings Changes

A number of research firms recently commented on T. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. UBS Group increased their target price 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. Finally, JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

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.