AT&T Inc. (NYSE:T) Shares Bought by Capital World Investors

Capital World Investors increased its holdings in AT&T Inc. (NYSE:T) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 57,425,387 shares of the technology company’s stock after purchasing an additional 2,841,837 shares during the period. Capital World Investors’ holdings in AT&T were worth $1,307,576,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in T. 1620 Investment Advisors Inc. increased its stake in shares of AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock valued at $596,000 after acquiring an additional 421 shares during the last quarter. Tradewinds Capital Management LLC increased its position in AT&T by 48.6% during the fourth 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 during the last quarter. Whittier Trust Co. raised its stake in AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares during the period. Wealthstream Advisors Inc. boosted its holdings in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Finally, Northeast Investment Management grew its stake in shares of AT&T by 0.9% during the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after buying an additional 451 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. 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 report on Wednesday, March 19th. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Scotiabank raised their target price on shares of AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.24.

AT&T Stock Performance

Shares of AT&T stock opened at $27.12 on Friday. The firm has a market cap of $194.67 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $16.17 and a 1 year high of $29.03. The firm’s 50-day simple moving average is $26.84 and its 200-day simple moving average is $24.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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 return on equity of 13.97% and a net margin of 8.95%. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. AT&T’s payout ratio is currently 74.50%.

About AT&T

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.