Oregon Public Employees Retirement Fund Increases Holdings in AT&T Inc. $T

Oregon Public Employees Retirement Fund grew its stake in AT&T Inc. (NYSE:T) by 31.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 817,293 shares of the technology company’s stock after purchasing an additional 195,519 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in AT&T were worth $23,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Denali Advisors LLC grew its stake in shares of AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares during the period. Tredje AP fonden raised its stake in AT&T by 1.8% during the 2nd quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock worth $35,347,000 after acquiring an additional 21,720 shares during the period. CHURCHILL MANAGEMENT Corp lifted its holdings in AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after purchasing an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. purchased a new position in AT&T during the second quarter valued at approximately $489,000. Finally, Sentry Investment Management LLC boosted its position in shares of AT&T by 153.2% in the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after purchasing an additional 13,370 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of several recent analyst reports. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. TD Cowen increased their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Loop Capital set a $29.00 price objective on AT&T in a research report on Friday, December 19th. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.42.

AT&T Stock Performance

Shares of NYSE T opened at $24.19 on Friday. The company has a market cap of $171.49 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.28 and a beta of 0.39. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The firm’s fifty day moving average is $24.92 and its two-hundred day moving average is $26.81.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

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.