Pictet Asset Management Holding SA Has $71.04 Million Position in AT&T Inc. (NYSE:T)

Pictet Asset Management Holding SA lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,119,999 shares of the technology company's stock after selling 63,690 shares during the period. Pictet Asset Management Holding SA's holdings in AT&T were worth $71,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T during the fourth quarter worth about $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Barclays raised their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.21.

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AT&T Trading Up 0.8 %

NYSE T traded up $0.23 on Tuesday, hitting $28.51. 30,947,788 shares of the stock were exchanged, compared to its average volume of 41,924,258. The company's 50-day moving average price is $25.82 and its two-hundred day moving average price is $23.59. The company has a market capitalization of $204.61 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.

AT&T 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.