Edmond DE Rothschild Holding S.A. Sells 97,479 Shares of AT&T Inc. (NYSE:T)

Edmond DE Rothschild Holding S.A. cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,485,976 shares of the technology company's stock after selling 97,479 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in AT&T were worth $33,836,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in AT&T during the 4th quarter valued at $1,858,418,000. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Assetmark Inc. boosted its position in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Vanguard Group Inc. raised its position in AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

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AT&T Price Performance

Shares of AT&T stock traded up $0.21 during trading hours on Tuesday, hitting $28.49. The company's stock had a trading volume of 43,976,615 shares, compared to its average volume of 36,275,508. The company 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 company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business has a 50 day moving average price of $25.82 and a two-hundred day moving average price of $23.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.61.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

Analyst Ratings Changes

T has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Barclays boosted their target price 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. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.21.

About AT&T

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.