Commerzbank Aktiengesellschaft FI Acquires 1,130,736 Shares of AT&T Inc. (NYSE:T)

Commerzbank Aktiengesellschaft FI raised its holdings in AT&T Inc. (NYSE:T) by 80.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,544,143 shares of the technology company’s stock after purchasing an additional 1,130,736 shares during the quarter. AT&T accounts for 1.4% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 25th largest position. Commerzbank Aktiengesellschaft FI’s holdings in AT&T were worth $57,930,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Chicago Partners Investment Group LLC grew its holdings in AT&T by 8.2% during the third quarter. Chicago Partners Investment Group LLC now owns 56,156 shares of the technology company’s stock valued at $1,263,000 after purchasing an additional 4,244 shares during the period. F M Investments LLC bought a new position in shares of AT&T during the 3rd quarter worth $223,000. Pure Financial Advisors LLC increased its holdings in AT&T by 11.7% in the 3rd quarter. Pure Financial Advisors LLC now owns 20,463 shares of the technology company’s stock worth $450,000 after acquiring an additional 2,148 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in AT&T in the 3rd quarter worth about $62,000. Finally, Confluence Wealth Services Inc. raised its stake in AT&T by 4.7% in the 3rd quarter. Confluence Wealth Services Inc. now owns 53,279 shares of the technology company’s stock valued at $1,172,000 after acquiring an additional 2,383 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank increased their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.45.

AT&T Stock Performance

NYSE T opened at $27.69 on Tuesday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.86. The company has a fifty day moving average of $24.01 and a 200-day moving average of $22.64. The company has a market capitalization of $198.76 billion, a P/E ratio of 18.58, a P/E/G ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings data 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 return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 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.