DekaBank Deutsche Girozentrale Buys 12,142 Shares of AT&T Inc. (NYSE:T)

DekaBank Deutsche Girozentrale lifted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,402,421 shares of the technology company's stock after purchasing an additional 12,142 shares during the period. DekaBank Deutsche Girozentrale's holdings in AT&T were worth $68,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Minot DeBlois Advisors LLC bought a new position in AT&T in the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new position in AT&T in the fourth quarter worth approximately $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $27,000. Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Down 1.0%

Shares of T traded down $0.27 during mid-day trading on Thursday, reaching $27.56. The company had a trading volume of 9,785,647 shares, compared to its average volume of 36,369,538. 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 firm has a 50-day moving average price of $27.84 and a 200 day moving average price of $26.24. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The company has a market capitalization of $198.27 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 3.53 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America assumed coverage on AT&T in a research report on Monday. They set a "buy" rating and a $32.00 price target for the company. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Finally, Morgan Stanley reissued an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.10.

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.