Flossbach Von Storch SE Invests $598,000 in AT&T Inc. (NYSE:T)

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

Other large investors also recently bought and sold shares of the company. Keystone Financial Group increased its stake in AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the period. Capstone Wealth Management LLC acquired a new stake in AT&T during the first quarter worth about $201,000. World Investment Advisors increased its stake in shares of AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its stake in shares of AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, Huber Capital Management LLC increased its stake in shares of AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after acquiring an additional 15,000 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on T shares. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. TD Securities lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Evercore ISI increased their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $29.10.

AT&T Price Performance

NYSE T traded down $0.26 during mid-day trading on Thursday, hitting $27.56. The stock had a trading volume of 9,995,054 shares, compared to its average volume of 38,233,188. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19. The stock has a market capitalization of $198.30 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 3.53 and a beta of 0.42. The firm's 50 day moving average is $27.84 and its 200 day moving average is $26.24. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm'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 business posted $0.55 earnings per share. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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.