Vontobel Holding Ltd. Lowers Stock Holdings in AT&T Inc. (NYSE:T)

Vontobel Holding Ltd. reduced its position in AT&T Inc. (NYSE:T) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 647,882 shares of the technology company’s stock after selling 5,714 shares during the quarter. Vontobel Holding Ltd.’s holdings in AT&T were worth $14,253,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of AT&T by 29.4% during the 4th quarter. Fisher Asset Management LLC now owns 130,844 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 29,757 shares during the last quarter. First Hawaiian Bank grew its stake in shares of AT&T by 4.2% during the first quarter. First Hawaiian Bank now owns 135,828 shares of the technology company’s stock valued at $2,391,000 after buying an additional 5,422 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of AT&T by 7.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 29,340 shares of the technology company’s stock worth $516,000 after buying an additional 2,036 shares during the period. Foster Group Inc. lifted its stake in shares of AT&T by 18.2% in the 1st quarter. Foster Group Inc. now owns 20,912 shares of the technology company’s stock valued at $368,000 after acquiring an additional 3,215 shares during the last quarter. Finally, Signal Advisors Wealth LLC purchased a new stake in AT&T during the 1st quarter valued at about $240,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on T shares. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research report on Monday, September 16th. Barclays upped their price target on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Tigress Financial raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. raised their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.69.

AT&T Stock Up 0.9 %

NYSE:T opened at $21.70 on Thursday. AT&T Inc. has a 1-year low of $14.28 and a 1-year high of $22.34. The company has a market capitalization of $155.59 billion, a PE ratio of 11.67, a P/E/G ratio of 3.62 and a beta of 0.60. The firm’s 50-day moving average price is $20.86 and its 200-day moving average price is $18.91. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. On average, equities analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio is presently 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.