AT&T Inc. (NYSE:T) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 0.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,237,284 shares of the technology company's stock after selling 18,400 shares during the period. Swiss National Bank owned 0.28% of AT&T worth $572,310,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of T. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after purchasing an additional 8,185,006 shares during the last quarter. Northern Trust Corp lifted its position in AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares during the period. Capital World Investors boosted its stake in AT&T by 5.2% in the 4th quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock worth $1,307,576,000 after buying an additional 2,841,837 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AT&T by 31.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after buying an additional 12,881,578 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of AT&T by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,032,367 shares of the technology company's stock valued at $1,184,717,000 after acquiring an additional 2,992,073 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on T shares. Evercore ISI raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $29.66.

AT&T Stock Up 2.0%

T stock opened at $28.05 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a market cap of $200.59 billion, a PE ratio of 15.94, a PEG ratio of 3.41 and a beta of 0.42. AT&T Inc. has a 1 year low of $18.97 and a 1 year high of $29.19. The company has a fifty day simple moving average of $27.83 and a 200 day simple moving average of $26.97.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, July 10th. AT&T's payout ratio is currently 63.07%.

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.

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