AT&T Inc. (NYSE:T) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,282,584 shares of the technology company's stock after buying an additional 104,700 shares during the period. Swiss National Bank owned approximately 0.30% of AT&T worth $468,217,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TIAA Trust National Association increased its stake in shares of AT&T by 11.0% during the first quarter. TIAA Trust National Association now owns 253,244 shares of the technology company's stock worth $4,457,000 after acquiring an additional 25,155 shares during the period. Patten & Patten Inc. TN raised its stake in shares of AT&T by 14.9% during the 1st quarter. Patten & Patten Inc. TN now owns 16,315 shares of the technology company's stock worth $287,000 after buying an additional 2,116 shares in the last quarter. Covestor Ltd lifted its holdings in shares of AT&T by 30.3% in the 1st quarter. Covestor Ltd now owns 2,678 shares of the technology company's stock valued at $48,000 after buying an additional 622 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of AT&T by 13.5% in the first quarter. Bahl & Gaynor Inc. now owns 40,623 shares of the technology company's stock valued at $715,000 after buying an additional 4,841 shares in the last quarter. Finally, Alerus Financial NA grew its holdings in AT&T by 0.9% during the first quarter. Alerus Financial NA now owns 430,289 shares of the technology company's stock worth $7,573,000 after acquiring an additional 3,777 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Trading Up 1.9 %

Shares of T traded up $0.43 during trading hours on Friday, hitting $22.68. The stock had a trading volume of 40,207,263 shares, compared to its average volume of 34,622,808. AT&T Inc. has a 12-month low of $15.75 and a 12-month high of $22.75. The firm has a market cap of $162.74 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company's fifty day simple moving average is $21.89 and its 200 day simple moving average is $19.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Equities research analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. AT&T's dividend payout ratio (DPR) is currently 90.24%.

Analysts Set New Price Targets

T has been the topic of a number of research analyst reports. Redburn Atlantic raised shares of AT&T to a "strong sell" rating in a report on Monday, September 16th. Barclays boosted their price target on AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Citigroup raised their price objective on AT&T from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Royal Bank of Canada reissued a "sector perform" rating and issued a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. Finally, Oppenheimer lifted their price target on AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.40.

About AT&T

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.