Vontobel Holding Ltd. Decreases Stock Position in AT&T Inc. (NYSE:T)

Vontobel Holding Ltd. trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 647,882 shares of the technology company’s stock after selling 5,714 shares during the period. Vontobel Holding Ltd.’s holdings in AT&T were worth $14,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hayek Kallen Investment Management grew its position in AT&T by 0.8% during the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock valued at $1,326,000 after buying an additional 500 shares during the period. Octavia Wealth Advisors LLC lifted its position in shares of AT&T by 2.1% in the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after acquiring an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of AT&T by 2.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after acquiring an additional 521 shares during the last quarter. WealthCare Investment Partners LLC increased its position in shares of AT&T by 2.2% during the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares in the last quarter. Finally, Integral Investment Advisors Inc. raised its stake in AT&T by 3.2% in the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock valued at $322,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price target on the stock. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TD Cowen lifted their price objective on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Oppenheimer boosted their target price on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.69.

AT&T Trading Up 0.9 %

Shares of AT&T stock opened at $21.70 on Thursday. AT&T Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $22.34. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm has a market cap of $155.59 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 3.62 and a beta of 0.60. The business has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $18.91.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.12%. AT&T’s dividend payout ratio (DPR) 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.