Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 109,400 Shares of AT&T Inc. (NYSE:T)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in AT&T Inc. (NYSE:T) by 7.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,509,370 shares of the technology company’s stock after acquiring an additional 109,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AT&T were worth $34,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC boosted its holdings 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. YANKCOM Partnership purchased a new position in AT&T during the fourth quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 1.9 %

T opened at $26.64 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $23.50 and a 200-day moving average price of $22.30. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. The stock has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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 forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

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.