21,160 Shares in AT&T Inc. (NYSE:T) Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,160 shares of the technology company's stock, valued at approximately $598,000.

Several other institutional investors have also added to or reduced their stakes in the company. Silverlake Wealth Management LLC lifted its position in shares of AT&T by 2.5% during the 1st quarter. Silverlake Wealth Management LLC now owns 62,716 shares of the technology company's stock valued at $1,774,000 after acquiring an additional 1,502 shares during the period. Trek Financial LLC raised its position in AT&T by 202.1% in the first quarter. Trek Financial LLC now owns 59,106 shares of the technology company's stock valued at $1,672,000 after purchasing an additional 39,542 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in AT&T by 0.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,402,421 shares of the technology company's stock valued at $68,124,000 after purchasing an additional 12,142 shares during the last quarter. AlphaStar Capital Management LLC raised its position in AT&T by 3.7% in the first quarter. AlphaStar Capital Management LLC now owns 89,934 shares of the technology company's stock valued at $2,543,000 after purchasing an additional 3,186 shares during the last quarter. Finally, CapWealth Advisors LLC raised its position in AT&T by 3.8% in the first quarter. CapWealth Advisors LLC now owns 15,359 shares of the technology company's stock valued at $434,000 after purchasing an additional 565 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 2.4%

Shares of NYSE T traded down $0.65 during trading on Friday, reaching $26.97. The company had a trading volume of 42,637,282 shares, compared to its average volume of 36,465,375. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.19. The stock has a market cap of $194.07 billion, a PE ratio of 16.55, a P/E/G ratio of 3.51 and a beta of 0.42. The business's 50-day moving average is $27.84 and its 200 day moving average is $26.27. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, equities analysts forecast 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 will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

Several equities research analysts recently commented on T shares. Bank of America started coverage on AT&T in a research note on Monday. They set a "buy" rating and a $32.00 target price for the company. Wells Fargo & Company boosted their price objective on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.12.

AT&T 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.