Swiss National Bank Has $628.84 Million Stock Holdings in AT&T Inc. $T

Swiss National Bank increased its position in AT&T Inc. (NYSE:T) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,728,984 shares of the technology company’s stock after purchasing an additional 1,491,700 shares during the quarter. Swiss National Bank owned approximately 0.30% of AT&T worth $628,837,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares during the period. PFG Advisors lifted its stake in shares of AT&T by 3.2% in the 1st quarter. PFG Advisors now owns 30,801 shares of the technology company’s stock valued at $871,000 after purchasing an additional 945 shares during the period. IMA Advisory Services Inc. acquired a new position in shares of AT&T in the 1st quarter valued at $29,000. Burney Co. boosted its position in shares of AT&T by 34.2% in the 1st quarter. Burney Co. now owns 52,393 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 13,350 shares during the last quarter. Finally, Northern Financial Advisors Inc grew its stake in shares of AT&T by 4.6% during the first quarter. Northern Financial Advisors Inc now owns 34,971 shares of the technology company’s stock worth $989,000 after purchasing an additional 1,539 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on T shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.64.

AT&T Trading Up 1.1%

NYSE T opened at $25.55 on Friday. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The firm has a market cap of $181.12 billion, a P/E ratio of 8.29, a P/E/G ratio of 2.16 and a beta of 0.40. The stock’s 50-day moving average is $26.45 and its 200-day moving average is $27.50.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 36.04%.

AT&T Company Profile

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.