AT&T Inc. (NYSE:T) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its position in AT&T Inc. (NYSE:T - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,848,591 shares of the technology company's stock after selling 187,605 shares during the quarter. AT&T comprises 3.9% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 7th largest holding. Commerzbank Aktiengesellschaft FI owned 0.08% of AT&T worth $98,139,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in T. First Command Advisory Services Inc. lifted its holdings in AT&T by 4.1% in the 4th quarter. First Command Advisory Services Inc. now owns 36,765 shares of the technology company's stock worth $616,000 after purchasing an additional 1,454 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AT&T by 1.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 796,807 shares of the technology company's stock worth $13,370,000 after purchasing an additional 12,606 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in AT&T by 30.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,808 shares of the technology company's stock worth $365,000 after purchasing an additional 5,136 shares during the last quarter. Signaturefd LLC lifted its holdings in AT&T by 28.1% in the 4th quarter. Signaturefd LLC now owns 160,088 shares of the technology company's stock worth $2,686,000 after purchasing an additional 35,148 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in AT&T by 10.6% in the 4th quarter. Lindbrook Capital LLC now owns 39,600 shares of the technology company's stock worth $664,000 after purchasing an additional 3,783 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock traded up $0.18 during trading hours on Friday, hitting $16.51. 45,820,353 shares of the company's stock were exchanged, compared to its average volume of 33,811,916. The stock's 50-day moving average is $17.00 and its 200-day moving average is $16.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The stock has a market cap of $118.09 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.72.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T's dividend payout ratio (DPR) is presently 56.63%.

Analyst Ratings Changes

A number of research analysts have recently commented on T shares. TheStreet upgraded AT&T from a "c" rating to a "b-" rating in a report on Wednesday, January 24th. Tigress Financial upped their price target on AT&T from $28.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. Barclays upped their price target on AT&T from $17.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on AT&T from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.