Union Bancaire Privee UBP SA Acquires 134,100 Shares of AT&T Inc. $T

Key Points

• Union Bancaire Privee UBP SA increased its stake in AT&T by 990.0% during the second quarter, acquiring an additional 134,100 shares and bringing its total holdings to 147,646 shares.
• AT&T's stock has received varied ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $30.74.
• The company announced a quarterly dividend of $0.2775 per share, which reflects an annual yield of 4.0% and a payout ratio of 63.07%.

Union Bancaire Privee UBP SA raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 990.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,646 shares of the technology company's stock after purchasing an additional 134,100 shares during the quarter. Union Bancaire Privee UBP SA's holdings in AT&T were worth $4,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after acquiring an additional 8,185,006 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T in the 2nd quarter worth $5,266,758,000. GQG Partners LLC grew its stake in shares of AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock worth $1,561,514,000 after acquiring an additional 1,783,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of AT&T by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock worth $1,508,411,000 after acquiring an additional 1,307,009 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

T has been the subject of several research reports. HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price target for the company. Scotiabank increased their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Morgan Stanley increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.74.

AT&T Price Performance

NYSE T opened at $28.07 on Tuesday. The company has a market cap of $200.71 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. 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 firm's 50-day simple moving average is $28.62 and its two-hundred day simple moving average is $27.91.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T's dividend payout ratio is 63.07%.

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.

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