Mandatum Life Insurance Co Ltd Raises Stake in AT&T Inc. (T)

Mandatum Life Insurance Co Ltd lifted its position in AT&T Inc. (NYSE:T) by 69.6% during the 3rd quarter, Holdings Channel reports. The firm owned 31,990 shares of the technology company’s stock after acquiring an additional 13,126 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in AT&T were worth $1,253,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of T. Camden National Bank grew its position in AT&T by 2.2% in the third quarter. Camden National Bank now owns 236,393 shares of the technology company’s stock worth $9,260,000 after acquiring an additional 5,165 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in AT&T by 3.7% in the third quarter. Oppenheimer & Co. Inc. now owns 541,338 shares of the technology company’s stock worth $21,205,000 after acquiring an additional 19,083 shares in the last quarter. Alliance Wealth Management Group grew its position in AT&T by 100.9% in the third quarter. Alliance Wealth Management Group now owns 13,936 shares of the technology company’s stock worth $546,000 after acquiring an additional 7,000 shares in the last quarter. Albion Financial Group UT grew its position in AT&T by 54.5% in the third quarter. Albion Financial Group UT now owns 80,579 shares of the technology company’s stock worth $3,156,000 after acquiring an additional 28,430 shares in the last quarter. Finally, Vestor Capital LLC grew its position in AT&T by 71.5% in the third quarter. Vestor Capital LLC now owns 187,492 shares of the technology company’s stock worth $7,344,000 after acquiring an additional 78,143 shares in the last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on T. Bank of America lifted their price target on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Vetr lowered AT&T from a “buy” rating to a “hold” rating and set a $39.75 target price for the company. in a research report on Monday, December 18th. KeyCorp boosted their target price on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Robert W. Baird dropped their target price on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.94.

In other news, Director Richard W. Fisher purchased 2,600 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the acquisition, the director now owns 2,600 shares of the company’s stock, valued at $99,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Shares of AT&T Inc. (NYSE:T) opened at $35.57 on Friday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $218,360.00, a P/E ratio of 7.41, a P/E/G ratio of 2.55 and a beta of 0.37. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $42.70.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The firm had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. research analysts expect that AT&T Inc. will post 3.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.50 dividend. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. AT&T’s payout ratio is presently 41.67%.

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AT&T Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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