UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.22 Billion Position in AT&T Inc. (NYSE:T)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AT&T Inc. (NYSE:T - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,432,827 shares of the technology company's stock after buying an additional 12,881,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.74% of AT&T worth $1,216,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of AT&T during the fourth quarter worth approximately $258,000. Carnegie Investment Counsel raised its stake in shares of AT&T by 9.0% during the fourth quarter. Carnegie Investment Counsel now owns 12,025 shares of the technology company's stock worth $274,000 after buying an additional 989 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in AT&T by 2.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 125,521 shares of the technology company's stock valued at $2,858,000 after buying an additional 3,133 shares during the period. Krilogy Financial LLC lifted its holdings in AT&T by 3.1% in the fourth quarter. Krilogy Financial LLC now owns 46,615 shares of the technology company's stock valued at $1,061,000 after buying an additional 1,421 shares during the period. Finally, Grove Bank & Trust lifted its holdings in AT&T by 10.2% in the fourth quarter. Grove Bank & Trust now owns 12,434 shares of the technology company's stock valued at $283,000 after buying an additional 1,153 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI increased their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

Shares of T stock traded down $0.25 during midday trading on Thursday, hitting $27.22. 25,858,019 shares of the company were exchanged, compared to its average volume of 36,766,433. The firm has a market capitalization of $195.86 billion, a P/E ratio of 18.27, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm's 50 day moving average price is $27.28 and its two-hundred day moving average price is $25.01. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is presently 68.10%.

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.