Oslo Pensjonsforsikring AS Acquires New Position in AT&T Inc. $T

Oslo Pensjonsforsikring AS acquired a new position in shares of AT&T Inc. (NYSE:TFree Report) in the 1st quarter, HoldingsChannel reports. The firm acquired 25,602 shares of the technology company’s stock, valued at approximately $742,000.

A number of other institutional investors also recently bought and sold shares of T. Fairway Wealth LLC acquired a new stake in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the fourth quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth $26,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on T. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday. BNP Paribas Exane decreased their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Wells Fargo & Company initiated coverage on shares of AT&T in a research report on Wednesday, July 8th. They set an “underweight” rating and a $18.00 price target for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Get Our Latest Research Report on T

AT&T Trading Up 1.5%

T opened at $22.27 on Wednesday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $25.26. The firm has a market cap of $154.76 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.32 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 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 5.0%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

About AT&T

(Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

Featured Stories

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TFree Report).

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.