Mn Services Vermogensbeheer B.V. Boosts Stake in AT&T Inc. $T

Mn Services Vermogensbeheer B.V. boosted its stake in shares of AT&T Inc. (NYSE:T) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,729,800 shares of the technology company’s stock after purchasing an additional 46,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AT&T were worth $77,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Front Row Advisors LLC bought a new position in shares of AT&T during the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. boosted its position in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the period. Solstein Capital LLC increased its stake in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Kennebec Savings Bank raised its position in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Finally, Curio Wealth LLC lifted its stake in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.1%

T stock opened at $23.56 on Friday. The firm has a fifty day moving average price of $24.62 and a 200 day moving average price of $26.45. AT&T Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $29.79. The firm has a market cap of $166.99 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. AT&T’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company lowered their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Williams Trading set a $33.00 price objective on shares of AT&T in a report on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of AT&T in a report on Wednesday. Finally, Morgan Stanley cut their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.75.

AT&T Profile

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.