AT&T Inc. (NYSE:T) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 455.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,990,732 shares of the technology company's stock after purchasing an additional 1,632,098 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in AT&T were worth $45,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. DeepCurrents Investment Group LLC purchased a new position in shares of AT&T in the fourth quarter worth about $3,649,000. DigitalBridge Group Inc. raised its position in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after buying an additional 365,776 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $233,000. EPG Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $210,000. Finally, EP Wealth Advisors LLC increased its stake in shares of AT&T by 31.7% in the fourth quarter. EP Wealth Advisors LLC now owns 205,279 shares of the technology company's stock worth $4,674,000 after acquiring an additional 49,386 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

T stock traded up $0.41 during midday trading on Friday, reaching $27.88. The stock had a trading volume of 29,202,762 shares, compared to its average volume of 36,503,549. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company's fifty day simple moving average is $27.15 and its 200 day simple moving average is $24.73. The company has a market cap of $200.61 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.98%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Tigress Financial boosted their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Morgan Stanley reiterated an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

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.