Czech National Bank Has $46.63 Million Stake in AT&T Inc. (NYSE:T)

Czech National Bank grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,648,718 shares of the technology company's stock after acquiring an additional 92,974 shares during the quarter. Czech National Bank's holdings in AT&T were worth $46,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in AT&T in the 4th quarter valued at $1,858,418,000. GQG Partners LLC raised its holdings in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after purchasing an additional 12,881,578 shares in the last quarter. Northern Trust Corp increased its position in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares during the period. Finally, Assetmark Inc. raised its stake in shares of AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Tigress Financial upped their target price on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley restated an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Trading Down 1.0%

T traded down $0.28 during trading on Wednesday, reaching $27.68. 11,004,672 shares of the company's stock were exchanged, compared to its average volume of 36,586,936. The company's fifty day moving average price is $27.36 and its 200-day moving average price is $25.37. The firm has a market capitalization of $199.17 billion, a PE ratio of 18.58, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.01%. AT&T's dividend payout ratio (DPR) 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.