Alaska Permanent Fund Corp Has $17.02 Million Position in AT&T Inc. (NYSE:T)

Alaska Permanent Fund Corp lifted its position in shares of AT&T Inc. (NYSE:T) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,350 shares of the technology company’s stock after purchasing an additional 14,301 shares during the period. Alaska Permanent Fund Corp’s holdings in AT&T were worth $17,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Carmel Capital Partners LLC lifted its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of AT&T during the 3rd quarter worth about $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the 3rd quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. grew its stake in AT&T by 3,202.4% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after buying an additional 2,626 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 1.2 %

NYSE T traded up $0.20 during trading hours on Tuesday, reaching $16.51. The company’s stock had a trading volume of 47,772,969 shares, compared to its average volume of 38,895,176. The firm has a fifty day simple moving average of $16.98 and a 200-day simple moving average of $16.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.16. The stock has a market cap of $118.09 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. Equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.72%. AT&T’s payout ratio is 56.63%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on T shares. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Citigroup upped their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, March 5th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.