Swiss National Bank Acquires 104,700 Shares of AT&T Inc. (NYSE:T)

Swiss National Bank increased its holdings in AT&T Inc. (NYSE:T) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,282,584 shares of the technology company’s stock after purchasing an additional 104,700 shares during the quarter. Swiss National Bank’s holdings in AT&T were worth $468,217,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of T. TIAA Trust National Association increased its position in shares of AT&T by 11.0% during the first quarter. TIAA Trust National Association now owns 253,244 shares of the technology company’s stock worth $4,457,000 after purchasing an additional 25,155 shares in the last quarter. Patten & Patten Inc. TN increased its position in shares of AT&T by 14.9% during the first quarter. Patten & Patten Inc. TN now owns 16,315 shares of the technology company’s stock worth $287,000 after purchasing an additional 2,116 shares in the last quarter. Covestor Ltd increased its position in shares of AT&T by 30.3% during the first quarter. Covestor Ltd now owns 2,678 shares of the technology company’s stock worth $48,000 after purchasing an additional 622 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of AT&T by 13.5% during the first quarter. Bahl & Gaynor Inc. now owns 40,623 shares of the technology company’s stock worth $715,000 after purchasing an additional 4,841 shares in the last quarter. Finally, Alerus Financial NA increased its position in shares of AT&T by 0.9% during the first quarter. Alerus Financial NA now owns 430,289 shares of the technology company’s stock worth $7,573,000 after purchasing an additional 3,777 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Moffett Nathanson upped their price target on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price objective on shares of AT&T in a report on Thursday, October 24th. Oppenheimer boosted their price objective on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen boosted 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

AT&T Trading Up 1.9 %

Shares of AT&T stock opened at $22.68 on Friday. The firm has a 50-day simple moving average of $21.89 and a two-hundred day simple moving average of $19.73. The company has a market cap of $162.74 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given 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 dividend yield of 4.89%. AT&T’s dividend payout ratio (DPR) is currently 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.