B. Metzler seel. Sohn & Co. AG Sells 169,519 Shares of AT&T Inc. (NYSE:T)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 43.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 221,900 shares of the technology company's stock after selling 169,519 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in AT&T were worth $5,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of T. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the fourth quarter worth $28,000. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% in 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. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter worth about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T during the fourth quarter worth about $34,000. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. Scotiabank upped their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, Barclays raised their price objective on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $27.21.

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AT&T Trading Up 0.7 %

T stock traded up $0.21 during trading on Tuesday, hitting $28.49. The company had a trading volume of 43,976,615 shares, compared to its average volume of 36,292,622. The stock has a market cap of $204.47 billion, a PE ratio of 19.12, a PEG ratio of 3.00 and a beta of 0.56. The business has a 50-day moving average of $25.94 and a 200-day moving average of $23.64. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a one year low of $15.94 and a one year high of $28.61.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.90%. AT&T's payout ratio is 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.