Banque Transatlantique SA Raises Stock Holdings in AT&T Inc. $T

Key Points

• Banque Transatlantique SA increased its stake in AT&T Inc. by 25,250.5%, acquiring over 50,501 additional shares in the first quarter, bringing its total holdings to 50,701 shares valued at approximately $1.32 million.
• Institutional ownership of AT&T is strong, with 57.10% of the stock held by institutional investors and hedge funds, indicating confidence in the company's future prospects.
• Analysts have mixed sentiments on AT&T, with recent reports suggesting a price target range between $30.00 and $33.00, reflecting a cautious yet generally positive outlook for the stock.

Banque Transatlantique SA boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 25,250.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,701 shares of the technology company's stock after buying an additional 50,501 shares during the quarter. Banque Transatlantique SA's holdings in AT&T were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Capstone Wealth Management LLC purchased a new position in shares of AT&T during the 1st quarter worth approximately $201,000. DigitalBridge Group Inc. lifted its stake in AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after purchasing an additional 365,776 shares in the last quarter. Wedmont Private Capital boosted its position in shares of AT&T by 7.9% during the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock worth $3,302,000 after buying an additional 9,027 shares during the period. Xponance Inc. grew its stake in AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock worth $31,389,000 after purchasing an additional 102,419 shares in the last quarter. Finally, NBT Bank N A NY increased its holdings in AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock worth $3,660,000 after purchasing an additional 8,989 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the topic of a number of analyst reports. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a research report on Thursday, July 24th. Raymond James Financial reiterated a "strong-buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. UBS Group reiterated a "buy" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. 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. Finally, Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.40.

AT&T Trading Down 0.8%

Shares of AT&T stock opened at $29.07 on Wednesday. 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 company has a fifty day simple moving average of $28.15 and a 200-day simple moving average of $27.57. The stock has a market cap of $207.86 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.62 and a beta of 0.44. AT&T Inc. has a 12-month low of $19.92 and a 12-month high of $29.65.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. During the same period in the previous year, the company earned $0.51 earnings per share. AT&T's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast 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. Investors of record on Thursday, July 10th were given a $0.2775 dividend. 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 dividend payout ratio is 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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