Commerzbank Aktiengesellschaft FI Has $106.41 Million Holdings in AT&T Inc. $T

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in AT&T by 40.8% in the second quarter, now holding 3,677,006 shares valued at approximately $106.41 million.
• AT&T reported a 0.54 EPS for the last quarter, exceeding expectations, along with a revenue of $30.85 billion which is a 3.4% increase from last year.
• The company announced a quarterly dividend of $0.2775 set to be paid on November 3rd, representing a 4.2% yield and a payout ratio of 63.07%.

Commerzbank Aktiengesellschaft FI boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,677,006 shares of the technology company's stock after purchasing an additional 1,066,138 shares during the quarter. AT&T accounts for approximately 2.4% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 13th biggest position. Commerzbank Aktiengesellschaft FI owned 0.05% of AT&T worth $106,413,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in AT&T by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock valued at $18,411,543,000 after purchasing an additional 8,185,006 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in AT&T during the 2nd quarter valued at $5,266,758,000. GQG Partners LLC raised its stake in AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AT&T by 3.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock valued at $1,561,514,000 after purchasing an additional 1,783,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in AT&T by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock valued at $1,508,411,000 after purchasing an additional 1,307,009 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.5%

T opened at $26.12 on Friday. The firm's 50-day simple moving average is $28.49 and its 200-day simple moving average is $27.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The firm has a market cap of $186.77 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.36 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. Equities research 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 will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T's dividend payout ratio is presently 63.07%.

Analyst Ratings Changes

T has been the subject of a number of recent research reports. Sanford C. Bernstein increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Weiss Ratings restated a "buy (b)" rating on shares of AT&T in a research note on Wednesday. Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They issued a "buy" rating and a $32.00 price objective for the company. Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.