Universal Beteiligungs und Servicegesellschaft mbH Takes $103.08 Million Position in AT&T Inc. (NYSE:T)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,526,951 shares of the technology company's stock, valued at approximately $103,079,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of AT&T at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of T. Vanguard Group Inc. boosted its stake in AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares during the period. Geode Capital Management LLC raised its position in AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC grew its stake in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of AT&T during the fourth quarter worth about $1,858,418,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.9%

NYSE:T traded up $0.25 during trading hours on Friday, hitting $27.63. The stock had a trading volume of 10,300,795 shares, compared to its average volume of 40,115,316. The business has a 50 day simple moving average of $27.35 and a two-hundred day simple moving average of $25.23. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. The company has a market cap of $198.79 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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 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 net margin of 8.95% and a return on equity of 13.97%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.02%. AT&T's dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.71.

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.