Livforsakringsbolaget Skandia Omsesidigt Acquires 6,859 Shares of AT&T Inc. (NYSE:T)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in AT&T Inc. (NYSE:T) by 76.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,806 shares of the technology company’s stock after purchasing an additional 6,859 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AT&T were worth $265,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of T. Carmel Capital Partners LLC increased its position in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares during the last quarter. Lipe & Dalton bought a new position in AT&T during the third quarter valued at $30,000. Ramirez Asset Management Inc. bought a new position in AT&T during the third quarter valued at $30,000. FWL Investment Management LLC bought a new position in AT&T during the fourth quarter valued at $31,000. Finally, Financial Freedom LLC bought a new position in AT&T during the fourth quarter valued at $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.2 %

Shares of T traded up $0.04 during mid-day trading on Thursday, hitting $16.16. 3,214,559 shares of the company traded hands, compared to its average volume of 38,113,246. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.83. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $115.59 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The business has a 50 day moving average of $17.02 and a 200 day moving average of $16.48.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same quarter last year, the company earned $0.61 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.87%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Barclays boosted their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.