Commerzbank Aktiengesellschaft FI Has $73.84 Million Stock Position in AT&T Inc. (NYSE:T)

Commerzbank Aktiengesellschaft FI raised its position in shares of AT&T Inc. (NYSE:T - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,610,868 shares of the technology company's stock after buying an additional 66,725 shares during the quarter. AT&T comprises 1.7% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 21st largest position. Commerzbank Aktiengesellschaft FI's holdings in AT&T were worth $73,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Next Level Private LLC raised its position in shares of AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after purchasing an additional 379 shares during the period. Carolinas Wealth Consulting LLC raised its position in shares of AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the period. Kozak & Associates Inc. raised its position in shares of AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the period. Silver Oak Securities Incorporated raised its position in shares of AT&T by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after purchasing an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC raised its position in shares of AT&T by 4.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on T. TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Oppenheimer increased their price objective on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Bank of America began coverage on AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 price target for the company. Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group reiterated a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus price target of $29.17.

AT&T Stock Performance

Shares of AT&T stock traded down $0.07 during trading on Friday, reaching $26.92. The company's stock had a trading volume of 27,403,482 shares, compared to its average volume of 36,373,567. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The business's fifty day moving average price is $27.76 and its 200-day moving average price is $26.41. The firm has a market cap of $193.71 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.42. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the firm posted $0.55 EPS. The business's revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.

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.