Retirement Systems of Alabama Cuts Position in AT&T Inc. (NYSE:T)

Retirement Systems of Alabama decreased its position in AT&T Inc. (NYSE:T) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,306,228 shares of the technology company’s stock after selling 5,122 shares during the quarter. Retirement Systems of Alabama’s holdings in AT&T were worth $52,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. AMF Tjanstepension AB raised its position in AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the period. Czech National Bank increased its position in shares of AT&T by 6.9% during the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after acquiring an additional 94,312 shares during the period. WealthBridge Capital Management LLC purchased a new stake in shares of AT&T during the third quarter worth $218,000. Diversified Trust Co increased its position in shares of AT&T by 12.8% during the third quarter. Diversified Trust Co now owns 169,227 shares of the technology company’s stock worth $3,723,000 after acquiring an additional 19,255 shares during the period. Finally, Everpar Advisors LLC increased its position in shares of AT&T by 16.8% during the third quarter. Everpar Advisors LLC now owns 12,474 shares of the technology company’s stock worth $274,000 after acquiring an additional 1,796 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.0 %

NYSE T opened at $24.26 on Wednesday. The stock has a market capitalization of $174.05 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The firm has a 50-day moving average price of $22.94 and a 200 day moving average price of $21.70. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. Equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.21.

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.