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

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in AT&T Inc. (NYSE:T - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 391,419 shares of the technology company's stock, valued at approximately $8,611,000.

A number of other large investors also recently modified their holdings of T. Strategic Financial Concepts LLC lifted its position in AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock valued at $25,000 after purchasing an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after buying an additional 841 shares during the period. American Capital Advisory LLC increased its stake in AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock valued at $30,000 after buying an additional 807 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in AT&T during the 2nd quarter valued at about $30,000. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $22.00 price target on shares of AT&T in a report on Thursday, October 24th. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Barclays boosted their price objective on AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $21.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average target price of $23.40.

AT&T Price Performance

NYSE T traded up $0.10 during trading on Wednesday, reaching $22.83. The company's stock had a trading volume of 20,419,210 shares, compared to its average volume of 35,400,484. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $163.81 billion, a PE ratio of 18.56, a P/E/G ratio of 3.40 and a beta of 0.59. The firm has a fifty day moving average of $21.96 and a 200 day moving average of $19.86. AT&T Inc. has a one year low of $15.94 and a one year high of $23.20.

AT&T (NYSE:T - Get Free Report) last posted its earnings results 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 firm had revenue of $30.20 billion for 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%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. Analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T's dividend payout ratio is presently 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.