Treasurer of the State of North Carolina Has $86.31 Million Stock Holdings in AT&T Inc. (NYSE:T)

Treasurer of the State of North Carolina trimmed its holdings in AT&T Inc. (NYSE:T) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,790,275 shares of the technology company’s stock after selling 288,708 shares during the period. Treasurer of the State of North Carolina’s holdings in AT&T were worth $86,305,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of T. Wellington Management Group LLP lifted its position in shares of AT&T by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company’s stock worth $21,238,000 after purchasing an additional 16,024 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of AT&T in the third quarter valued at approximately $502,000. Executive Wealth Management LLC grew its stake in shares of AT&T by 44.3% in the third quarter. Executive Wealth Management LLC now owns 42,397 shares of the technology company’s stock worth $933,000 after acquiring an additional 13,017 shares during the last quarter. Brophy Wealth Management LLC bought a new position in AT&T during the third quarter worth $399,000. Finally, Asset Allocation Strategies LLC raised its stake in AT&T by 22.6% during the 3rd quarter. Asset Allocation Strategies LLC now owns 13,163 shares of the technology company’s stock valued at $290,000 after purchasing an additional 2,429 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. BNP Paribas raised 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. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Finally, Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Trading Up 0.4 %

Shares of T opened at $26.50 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $190.22 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 3.00 and a beta of 0.42. The stock has a fifty day moving average price of $26.50 and a two-hundred day moving average price of $23.90. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $29.03.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend 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.