APG Asset Management N.V. Purchases 294,388 Shares of AT&T Inc. (NYSE:T)

APG Asset Management N.V. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,621,726 shares of the technology company’s stock after acquiring an additional 294,388 shares during the quarter. APG Asset Management N.V.’s holdings in AT&T were worth $82,408,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T in the fourth quarter worth $25,000. Pineridge Advisors LLC acquired a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC grew its holdings in shares of AT&T by 227.6% during the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after buying an additional 91,578 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares in the last quarter. Finally, American Capital Advisory LLC increased its stake in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

T has been the subject of several research reports. Moffett Nathanson lifted their target price on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. UBS Group restated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. Daiwa America upgraded shares of AT&T to a “hold” rating in a research report on Friday, July 26th. TD Cowen increased their price target on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.31.

AT&T Trading Up 0.5 %

AT&T stock opened at $21.66 on Friday. AT&T Inc. has a 12-month low of $14.12 and a 12-month high of $22.34. The stock has a market capitalization of $155.31 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 3.66 and a beta of 0.59. The firm has a 50 day simple moving average of $20.04 and a 200-day simple moving average of $18.44. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T 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.