391,419 Shares in AT&T Inc. (NYSE:T) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in AT&T Inc. (NYSE:T) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 391,419 shares of the technology company’s stock, valued at approximately $8,611,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Covestor Ltd raised its position in shares of AT&T by 30.3% during the 1st quarter. Covestor Ltd now owns 2,678 shares of the technology company’s stock worth $48,000 after acquiring an additional 622 shares in the last quarter. Bessemer Group Inc. raised its holdings in AT&T by 72.2% during the first quarter. Bessemer Group Inc. now owns 323,538 shares of the technology company’s stock worth $5,696,000 after purchasing an additional 135,603 shares in the last quarter. Pitcairn Co. lifted its position in shares of AT&T by 21.0% during the 1st quarter. Pitcairn Co. now owns 52,906 shares of the technology company’s stock worth $931,000 after buying an additional 9,178 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of AT&T in the 1st quarter valued at $163,000. Finally, Vident Advisory LLC raised its stake in AT&T by 313.3% during the 1st quarter. Vident Advisory LLC now owns 693,132 shares of the technology company’s stock worth $12,199,000 after acquiring an additional 525,440 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several research reports. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Tigress Financial raised their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Scotiabank cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup lifted their target price on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Moffett Nathanson lifted their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Trading Down 1.1 %

Shares of T opened at $22.73 on Wednesday. AT&T Inc. has a twelve month low of $15.85 and a twelve month high of $23.20. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $163.09 billion, a P/E ratio of 18.48, a PEG ratio of 3.40 and a beta of 0.59. The firm’s 50-day moving average is $21.94 and its two-hundred day moving average is $19.84.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. On average, research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.88%. AT&T’s payout ratio is 90.24%.

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.