AIA Group Ltd Has $7.41 Million Stock Position in AT&T Inc. (NYSE:T)

AIA Group Ltd boosted its holdings in AT&T Inc. (NYSE:T) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,436 shares of the technology company’s stock after buying an additional 9,454 shares during the quarter. AIA Group Ltd’s holdings in AT&T were worth $7,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter valued at $34,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Scotiabank boosted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.79.

AT&T Stock Down 0.0 %

Shares of NYSE:T opened at $28.20 on Monday. The firm has a market cap of $202.40 billion, a P/E ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.51. The business’s 50 day simple moving average is $25.70 and its two-hundred day simple moving average is $23.54. 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 (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

AT&T 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.