AT&T Inc. $T Stock Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab lifted its holdings in shares of AT&T Inc. (NYSE:T) by 922.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,987 shares of the technology company’s stock after purchasing an additional 531,399 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in AT&T were worth $14,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. Robinswood Financial LLC acquired a new stake in AT&T during the first quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in AT&T during the 2nd quarter worth $26,000. Addison Advisors LLC bought a new position in AT&T during the 2nd quarter worth $27,000. North Point Portfolio Managers Corp OH bought a new position in AT&T during the 3rd quarter worth $34,000. Finally, Collier Financial acquired a new position in AT&T in the 3rd quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T traded down $0.03 during trading hours on Friday, hitting $22.15. 50,495,549 shares of the stock were exchanged, compared to its average volume of 50,515,588. The company’s fifty day simple moving average is $23.57 and its two-hundred day simple moving average is $24.88. The company has a market cap of $149.23 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that AT&T Inc. will post 2.40 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were paid a $0.2775 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on T. Citigroup dropped their price objective on AT&T from $31.50 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Deutsche Bank reduced their target price on AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. KeyCorp decreased their price target on AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research note on Tuesday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Friday, October 30th. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

AT&T News Roundup

These are some of the T news items that stood out recently:

• Positive Sentiment: AT&T and AST SpaceMobile were highlighted for a historic satellite call, drawing attention to the potential of satellite-to-phone connectivity. The development could support AT&T’s effort to extend coverage, though the report provides no details on commercial timing or financial impact. Space Stocks Are Complex. York Sinks, AST and AT&T Make Historic Satellite Call.
• Neutral Sentiment: Elon Musk said SpaceX could acquire a legacy telecom to access spectrum, after reports that AT&T and other carriers declined requests to use their networks. The comments underscore the strategic value of AT&T’s spectrum, but do not indicate a deal or specific financial benefit. Musk Says SpaceX Could Acquire a Legacy Telco
• Negative Sentiment: A comparison of AT&T and Verizon favored Verizon, citing stronger cash flow, improving subscriber trends, and a growing fiber footprint—factors that may weigh on AT&T’s relative investor appeal. T vs. VZ: Which Telecom Stock Is a Better Investment Right Now?

About AT&T

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.