Unigestion Holding SA Purchases Shares of 360,717 AT&T Inc. (NYSE:T)

Unigestion Holding SA acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 360,717 shares of the technology company's stock, valued at approximately $10,201,000.

Several other institutional investors have also made changes to their positions in the business. Minot DeBlois Advisors LLC bought a new position in AT&T in the 4th quarter valued at $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter valued at approximately $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.4%

AT&T stock traded up $0.40 during midday trading on Thursday, reaching $27.76. The stock had a trading volume of 29,151,985 shares, compared to its average volume of 36,671,202. The stock has a market capitalization of $199.72 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The firm's fifty day simple moving average is $27.34 and its 200-day simple moving average is $25.38. 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 Inc. has a 1-year low of $17.42 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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). The business 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%. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 4.00%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on T shares. TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report 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 report on Tuesday, April 29th. Morgan Stanley reiterated an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.71.

About AT&T

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.