AT&T Inc. $T Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. raised its position in AT&T Inc. (NYSE:T - Free Report) by 103.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 930,777 shares of the technology company's stock after acquiring an additional 473,032 shares during the period. AT&T makes up approximately 1.6% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 21st biggest holding. Quintet Private Bank Europe S.A.'s holdings in AT&T were worth $26,937,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of T. Gradient Investments LLC raised its holdings in shares of AT&T by 1,869.1% in the second quarter. Gradient Investments LLC now owns 451,621 shares of the technology company's stock worth $13,070,000 after buying an additional 428,686 shares during the last quarter. Adams Asset Advisors LLC raised its holdings in shares of AT&T by 1.1% in the second quarter. Adams Asset Advisors LLC now owns 437,240 shares of the technology company's stock worth $12,654,000 after buying an additional 4,961 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of AT&T by 1.9% in the second quarter. Parallel Advisors LLC now owns 164,326 shares of the technology company's stock worth $4,756,000 after buying an additional 3,139 shares during the last quarter. Park Edge Advisors LLC raised its holdings in shares of AT&T by 28.8% in the second quarter. Park Edge Advisors LLC now owns 45,526 shares of the technology company's stock worth $1,318,000 after buying an additional 10,177 shares during the last quarter. Finally, Veery Capital LLC raised its holdings in shares of AT&T by 4.0% in the second quarter. Veery Capital LLC now owns 10,541 shares of the technology company's stock worth $305,000 after buying an additional 405 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on T shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. UBS Group set a $32.00 price target on shares of AT&T in a report on Thursday, September 4th. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a report on Thursday, July 24th. Finally, Scotiabank raised their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

AT&T Price Performance

NYSE:T opened at $29.59 on Monday. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $211.58 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The stock's 50-day moving average price is $28.31 and its 200-day moving average price is $27.74.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's payout ratio is currently 63.07%.

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.

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