AT&T Inc. (T) Stake Reduced by Aviva PLC

Aviva PLC cut its position in shares of AT&T Inc. (NYSE:T) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,339,534 shares of the company’s stock after selling 41,243 shares during the period. AT&T makes up approximately 1.4% of Aviva PLC’s holdings, making the stock its 7th largest position. Aviva PLC’s holdings in AT&T were worth $227,197,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of T. State Street Corp increased its position in shares of AT&T by 3.0% in the fourth quarter. State Street Corp now owns 266,097,072 shares of the company’s stock worth $11,317,116,000 after buying an additional 7,784,839 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of AT&T during the fourth quarter worth $319,537,000. Dimensional Fund Advisors LP increased its position in shares of AT&T by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 59,285,390 shares of the company’s stock worth $2,521,483,000 after buying an additional 2,770,539 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of AT&T during the third quarter worth $61,975,000. Finally, Quantitative Investment Management LLC increased its position in shares of AT&T by 843.3% in the third quarter. Quantitative Investment Management LLC now owns 1,356,500 shares of the company’s stock worth $55,087,000 after buying an additional 1,212,700 shares in the last quarter. Institutional investors own 53.90% of the company’s stock.

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

AT&T Inc. (NYSE:T) opened at 41.49 on Tuesday. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.89. The firm has a market capitalization of $254.81 billion, a price-to-earnings ratio of 19.77 and a beta of 0.39. The firm’s 50-day moving average price is $41.76 and its 200 day moving average price is $40.35.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The company earned $41.80 billion during the quarter, compared to the consensus estimate of $42.14 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post $2.94 EPS for the current year.

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T has been the topic of a number of research reports. Robert W. Baird upgraded AT&T from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $44.00 in a report on Monday, December 12th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Tuesday, November 29th. Barclays PLC restated a “hold” rating and issued a $41.00 price objective on shares of AT&T in a report on Thursday, January 12th. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $43.32 price objective on the stock. in a report on Monday, January 30th. Finally, Drexel Hamilton restated a “hold” rating on shares of AT&T in a report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and an average price target of $43.64.

About AT&T

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.

5 Day Chart for NYSE:T

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