Flossbach Von Storch SE Takes Position in AT&T Inc. (NYSE:T)

Flossbach Von Storch SE purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent disclosure 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 hedge funds and other institutional investors have also made changes to their positions in the company. Silverlake Wealth Management LLC raised its stake in AT&T by 2.5% in the 1st quarter. Silverlake Wealth Management LLC now owns 62,716 shares of the technology company's stock valued at $1,774,000 after purchasing an additional 1,502 shares during the last quarter. Trek Financial LLC increased its stake in shares of AT&T by 202.1% during the 1st quarter. Trek Financial LLC now owns 59,106 shares of the technology company's stock valued at $1,672,000 after acquiring an additional 39,542 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of AT&T by 0.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,402,421 shares of the technology company's stock valued at $68,124,000 after acquiring an additional 12,142 shares during the last quarter. AlphaStar Capital Management LLC increased its stake in shares of AT&T by 3.7% during the 1st quarter. AlphaStar Capital Management LLC now owns 89,934 shares of the technology company's stock valued at $2,543,000 after acquiring an additional 3,186 shares during the last quarter. Finally, CapWealth Advisors LLC increased its stake in shares of AT&T by 3.8% during the 1st quarter. CapWealth Advisors LLC now owns 15,359 shares of the technology company's stock valued at $434,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

NYSE:T traded down $0.18 during mid-day trading on Wednesday, reaching $28.11. 34,408,206 shares of the stock were exchanged, compared to its average volume of 36,439,487. The business has a fifty day moving average price of $27.83 and a 200 day moving average price of $26.23. The firm has a market capitalization of $202.27 billion, a PE ratio of 17.25, a PEG ratio of 4.67 and a beta of 0.42. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.19. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last released its 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). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. AT&T's revenue was up 2.0% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T's dividend payout ratio (DPR) is 68.10%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on T shares. Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Evercore ISI boosted their target price 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. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Royal Bank Of Canada increased their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

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.