AT&T Inc. $T Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 111.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,321,266 shares of the technology company's stock after acquiring an additional 695,061 shares during the quarter. Vontobel Holding Ltd.'s holdings in AT&T were worth $38,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC lifted its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the period. Kennebec Savings Bank lifted its holdings in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock valued at $28,000 after buying an additional 783 shares during the period. Finally, Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on T shares. JPMorgan Chase & Co. upped their price objective on AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America started coverage on AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 price objective for the company. UBS Group set a $33.00 price objective on AT&T in a report on Thursday, September 18th. Barclays reaffirmed an "equal weight" rating and set a $30.00 target price on shares of AT&T in a research report on Wednesday, October 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average price target of $30.75.

AT&T Trading Up 0.3%

Shares of NYSE T opened at $26.24 on Thursday. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a market cap of $187.63 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 3.35 and a beta of 0.42. 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 business has a fifty day simple moving average of $28.51 and a 200-day simple moving average of $27.90.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's dividend 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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