Aviva PLC Has $98.46 Million Stake in AT&T Inc. (NYSE:T)

Aviva PLC cut its position in AT&T Inc. (NYSE:T) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,323,974 shares of the technology company’s stock after selling 300,613 shares during the quarter. Aviva PLC’s holdings in AT&T were worth $98,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter worth $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 6.8 %

NYSE:T opened at $26.65 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm’s fifty day moving average is $26.26 and its 200-day moving average is $23.73. The firm has a market cap of $191.27 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.17%. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday. 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 research report on Wednesday, January 29th. Sanford C. Bernstein raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank upped their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Finally, Tigress Financial raised their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.21.

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.