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

Vontobel Holding Ltd. trimmed its holdings in AT&T Inc. (NYSE:T) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500,169 shares of the technology company’s stock after selling 147,713 shares during the quarter. Vontobel Holding Ltd.’s holdings in AT&T were worth $11,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in T. AMF Tjanstepension AB boosted its holdings in AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the last quarter. Creative Planning boosted its stake in shares of AT&T by 2.8% during the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock worth $34,413,000 after acquiring an additional 43,218 shares in the last quarter. SPC Financial Inc. boosted its stake in shares of AT&T by 12.5% during the 3rd quarter. SPC Financial Inc. now owns 25,356 shares of the technology company’s stock worth $558,000 after acquiring an additional 2,810 shares in the last quarter. Hengehold Capital Management LLC purchased a new stake in shares of AT&T during the 3rd quarter worth about $276,000. Finally, Bleakley Financial Group LLC boosted its stake in shares of AT&T by 6.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 265,512 shares of the technology company’s stock worth $5,841,000 after acquiring an additional 16,499 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Scotiabank upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Up 1.0 %

T stock opened at $25.88 on Friday. The company has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. 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 Inc. has a 12 month low of $15.94 and a 12 month high of $25.93. The firm has a 50-day moving average of $23.19 and a two-hundred day moving average of $21.99.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.29%. AT&T’s dividend payout ratio is currently 74.50%.

AT&T 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.