Union Bancaire Privee UBP SA Has $1.76 Million Position in AT&T Inc. $T

Union Bancaire Privee UBP SA lessened its holdings in AT&T Inc. (NYSE:T) by 57.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,365 shares of the technology company’s stock after selling 85,281 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in AT&T were worth $1,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Front Row Advisors LLC acquired a new position in AT&T in the second quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $26,000. Kennebec Savings Bank lifted its position in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after buying an additional 783 shares during the period. Solstein Capital LLC boosted its stake in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares in the last quarter. Finally, Curio Wealth LLC grew its position in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,044 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $24.34 on Thursday. The company has a market capitalization of $172.54 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 1.41 and a beta of 0.38. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The company’s 50 day moving average price is $25.29 and its two-hundred day moving average price is $27.19. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.6%. AT&T’s payout ratio is presently 36.04%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Royal Bank Of Canada reduced their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. TD Cowen raised their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.