AT&T Inc. (NYSE:T) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 624,428 shares of the technology company's stock after selling 11,785 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in AT&T were worth $17,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $27,000. Hager Investment Management Services LLC increased its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Finally, Core Alternative Capital increased its position in shares of AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after acquiring an additional 568 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of AT&T stock traded up $0.10 during trading on Friday, reaching $28.02. The company's stock had a trading volume of 33,981,327 shares, compared to its average volume of 32,249,414. The company has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $26.65. The firm has a market cap of $201.58 billion, a PE ratio of 15.92, a P/E/G ratio of 3.49 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $29.19. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.96%. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on T. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They issued a "buy" rating and a $32.00 price target for the company. Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Tigress Financial lifted their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.66.

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.