Mediolanum International Funds Ltd Raises Position in AT&T Inc. (NYSE:T)

Mediolanum International Funds Ltd lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 1,706.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 974,856 shares of the technology company's stock after purchasing an additional 920,880 shares during the quarter. Mediolanum International Funds Ltd's holdings in AT&T were worth $21,987,000 as of its most recent SEC filing.

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Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of AT&T in the 2nd quarter valued at $18,285,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AT&T in the second quarter valued at about $44,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of AT&T by 9.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,989,100 shares of the technology company's stock worth $38,012,000 after purchasing an additional 178,100 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of AT&T by 4.7% during the second quarter. Centaurus Financial Inc. now owns 44,098 shares of the technology company's stock worth $843,000 after purchasing an additional 1,982 shares during the period. Finally, Ashburton Jersey Ltd purchased a new stake in AT&T in the second quarter valued at approximately $418,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of several analyst reports. Scotiabank increased their price target on AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Wednesday. Finally, Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus price target of $26.11.

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Check Out Our Latest Stock Analysis on T

AT&T Stock Performance

NYSE T opened at $24.04 on Friday. The stock has a market cap of $172.46 billion, a PE ratio of 16.13, a P/E/G ratio of 2.81 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The stock has a fifty day simple moving average of $22.89 and a 200-day simple moving average of $21.57. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. Equities analysts anticipate that AT&T Inc. will post 2.12 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's payout ratio is currently 74.50%.

About AT&T

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.

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