AT&T Inc. $T Stake Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in AT&T Inc. (NYSE:T) by 111.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,321,266 shares of the technology company’s stock after acquiring an additional 695,061 shares during the period. Vontobel Holding Ltd.’s holdings in AT&T were worth $38,237,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of T. Brighton Jones LLC increased its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the last quarter. GAMMA Investing LLC increased its position in AT&T by 15.5% in the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after purchasing an additional 22,195 shares during the last quarter. Simplicity Wealth LLC increased its position in AT&T by 161.7% in the 1st quarter. Simplicity Wealth LLC now owns 40,674 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 25,129 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its position in AT&T by 1.2% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 99,777 shares of the technology company’s stock worth $2,822,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Kozak & Associates Inc. increased its position in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock worth $126,000 after purchasing an additional 398 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday. Bank of America began coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. UBS Group set a $33.00 price objective on AT&T in a report on Thursday, September 18th. Scotiabank set a $30.25 price objective on AT&T and gave the company a “sector perform” rating in a report on Monday. Finally, Wells Fargo & Company increased their price objective on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Stock Performance

T opened at $26.24 on Thursday. The firm has a market capitalization of $187.63 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42. The stock’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $27.90. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

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.