Edmond DE Rothschild Holding S.A. Sells 31,888 Shares of AT&T Inc. $T

Key Points

• Edmond DE Rothschild Holding S.A. has sold 31,888 shares of AT&T, reducing its holdings by 2.1% to a total of 1,454,088 shares valued at $41.12 million.
• AT&T reported a quarterly earnings per share of $0.54, exceeding analysts' expectations of $0.53, and its revenue increased by 3.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.2775, resulting in an annualized dividend of $1.11 and a yield of 3.8%, with a payout ratio of 63.07%.

Edmond DE Rothschild Holding S.A. trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,454,088 shares of the technology company's stock after selling 31,888 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in AT&T were worth $41,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capstone Wealth Management LLC bought a new position in AT&T in the first quarter valued at about $201,000. DigitalBridge Group Inc. lifted its holdings in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. Wedmont Private Capital lifted its holdings in AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock valued at $3,302,000 after acquiring an additional 9,027 shares during the period. Xponance Inc. lifted its holdings in AT&T by 10.2% in the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock valued at $31,389,000 after acquiring an additional 102,419 shares during the period. Finally, NBT Bank N A NY lifted its holdings in AT&T by 7.5% in the first quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock valued at $3,660,000 after acquiring an additional 8,989 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE T opened at $29.03 on Thursday. The firm has a market cap of $207.54 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $28.17 and a 200-day moving average price of $27.58. AT&T Inc. has a twelve month low of $20.25 and a twelve month high of $29.65.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Scotiabank increased their target price on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Wells Fargo & Company boosted their price target on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. UBS Group reissued 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. Finally, Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

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.

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