AT&T Inc. (NYSE:T) Holdings Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 25.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 626,205 shares of the technology company's stock after buying an additional 126,036 shares during the quarter. Vontobel Holding Ltd.'s holdings in AT&T were worth $17,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Keystone Financial Group raised its position in shares of AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the last quarter. Capstone Wealth Management LLC purchased a new stake in shares of AT&T in the first quarter valued at $201,000. World Investment Advisors lifted its position in shares of AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after acquiring an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. boosted its stake in shares of AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the last quarter. Finally, West Family Investments Inc. increased its position in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after purchasing an additional 15,680 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 1.9%

Shares of T traded down $0.56 during mid-day trading on Wednesday, reaching $28.32. 46,984,239 shares of the stock traded hands, compared to its average volume of 36,448,000. The stock has a fifty day simple moving average of $27.72 and a 200 day simple moving average of $26.03. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.19. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a market cap of $203.78 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 4.11 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued 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). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on T shares. Royal Bank Of Canada boosted their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Oppenheimer increased their price objective 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. Wells Fargo & Company raised their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.90.

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.