Union Bancaire Privee UBP SA Makes New Investment in AT&T Inc. (NYSE:T)

Union Bancaire Privee UBP SA bought a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 72,440 shares of the technology company's stock, valued at approximately $1,639,000.

A number of other large investors have also recently added to or reduced their stakes in T. Apexium Financial LP grew its stake in AT&T by 4.0% during the fourth quarter. Apexium Financial LP now owns 68,198 shares of the technology company's stock worth $1,553,000 after buying an additional 2,630 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in AT&T by 2.2% in the fourth quarter. Capital Asset Advisory Services LLC now owns 130,022 shares of the technology company's stock valued at $2,948,000 after acquiring an additional 2,768 shares during the last quarter. Blue Trust Inc. raised its position in AT&T by 38.7% during the fourth quarter. Blue Trust Inc. now owns 116,130 shares of the technology company's stock valued at $2,555,000 after purchasing an additional 32,394 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in AT&T during the fourth quarter worth $4,237,000. Finally, Drive Wealth Management LLC boosted its holdings in shares of AT&T by 24.4% in the 4th quarter. Drive Wealth Management LLC now owns 23,414 shares of the technology company's stock valued at $533,000 after purchasing an additional 4,594 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

T stock traded up $0.29 during midday trading on Tuesday, hitting $24.43. The company's stock had a trading volume of 55,727,746 shares, compared to its average volume of 39,360,168. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 3.50 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock's 50-day moving average price is $22.83 and its 200 day moving average price is $21.51. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.58.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. On average, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.54%. AT&T's payout ratio is 90.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on T shares. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday. Wells Fargo & Company reduced their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $26.06.

AT&T Company 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.