E Fund Management Co. Ltd. Has $404,000 Stake in AT&T Inc. (NYSE:T)

E Fund Management Co. Ltd. boosted its position in shares of AT&T Inc. (NYSE:T) by 64.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,761 shares of the technology company’s stock after buying an additional 6,946 shares during the period. E Fund Management Co. Ltd.’s holdings in AT&T were worth $404,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of T. Harbor Capital Advisors Inc. acquired a new stake in AT&T during the third quarter worth about $62,000. M&G PLC bought a new position in shares of AT&T in the third quarter worth about $1,007,000. Leavell Investment Management Inc. lifted its holdings in shares of AT&T by 15.7% in the third quarter. Leavell Investment Management Inc. now owns 50,640 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 6,853 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of AT&T by 81.6% in the third quarter. Equitable Trust Co. now owns 25,703 shares of the technology company’s stock worth $565,000 after acquiring an additional 11,552 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of AT&T in the third quarter worth about $718,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Barclays increased their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Tigress Financial raised their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Stock Up 1.6 %

AT&T stock opened at $27.15 on Friday. 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 Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The firm has a 50 day moving average price of $24.30 and a two-hundred day moving average price of $22.82. The firm has a market cap of $194.85 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released 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 analysts predict that AT&T Inc. will post 2.14 EPS 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 given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

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.