Edmond DE Rothschild Holding S.A. Sells 97,479 Shares of AT&T Inc. (NYSE:T)

Edmond DE Rothschild Holding S.A. lowered its position in shares of AT&T Inc. (NYSE:T) by 6.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,485,976 shares of the technology company’s stock after selling 97,479 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in AT&T were worth $33,836,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. AIA Group Ltd boosted its position in shares of AT&T by 3.0% during the fourth quarter. AIA Group Ltd now owns 325,436 shares of the technology company’s stock valued at $7,410,000 after buying an additional 9,454 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in AT&T by 19.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,254 shares of the technology company’s stock valued at $235,000 after acquiring an additional 1,663 shares during the period. Wellington Management Group LLP boosted its holdings in shares of AT&T by 161.3% during the 4th quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company’s stock valued at $57,444,000 after acquiring an additional 1,557,431 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of AT&T by 30.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,828,239 shares of the technology company’s stock worth $41,629,000 after acquiring an additional 425,655 shares during the period. Finally, Bcwm LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $5,531,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on T. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein boosted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Performance

NYSE T opened at $28.20 on Monday. The business has a 50-day moving average price of $25.70 and a 200-day moving average price of $23.54. The firm has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.51. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T’s payout ratio is currently 74.50%.

About AT&T

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.