AT&T Inc. (NYSE:T) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of AT&T Inc. (NYSE:T) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 801,903 shares of the technology company’s stock after selling 9,644 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in AT&T were worth $13,456,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of T. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton purchased a new stake in AT&T during the third quarter valued at about $30,000. Ramirez Asset Management Inc. purchased a new stake in AT&T during the third quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in AT&T by 588.2% during the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after buying an additional 2,241 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Tuesday, March 5th. Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Price Performance

Shares of NYSE T traded up $0.17 during midday trading on Friday, reaching $16.75. 37,842,157 shares of the company traded hands, compared to its average volume of 39,393,957. The firm has a market cap of $119.77 billion, a PE ratio of 9.01, a PEG ratio of 2.54 and a beta of 0.57. The stock’s 50-day simple moving average is $16.97 and its 200-day simple moving average is $16.54. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.63%. AT&T’s payout ratio is currently 59.68%.

AT&T Profile

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.