Union Bancaire Privee UBP SA Sells 58,894 Shares of AT&T Inc. (NYSE:T)

Union Bancaire Privee UBP SA lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 81.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,546 shares of the technology company's stock after selling 58,894 shares during the period. Union Bancaire Privee UBP SA's holdings in AT&T were worth $357,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Next Level Private LLC grew its stake in shares of AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC raised its holdings in AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares in the last quarter. Kozak & Associates Inc. boosted its position in AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after purchasing an additional 398 shares during the last quarter. Firethorn Wealth Partners LLC grew its stake in AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares in the last quarter. Finally, Charter Oak Capital Management LLC increased its position in shares of AT&T by 2.7% during the 1st quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock worth $431,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE T traded down $0.14 during midday trading on Friday, reaching $28.13. The company's stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,609,472. 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 company has a market cap of $202.43 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. The business's 50 day moving average price is $27.41 and its two-hundred day moving average price is $25.63. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week 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 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

Several research firms have recently commented on T. Morgan Stanley reissued an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Barclays upped their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. 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 given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average price target of $28.71.

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.