Commerzbank Aktiengesellschaft FI Grows Holdings in AT&T Inc. (T)

Commerzbank Aktiengesellschaft FI boosted its position in shares of AT&T Inc. (NYSE:T) by 20.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,541,605 shares of the technology company’s stock after purchasing an additional 613,113 shares during the quarter. AT&T comprises about 1.2% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 13th biggest position. Commerzbank Aktiengesellschaft FI owned 0.06% of AT&T worth $113,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Hanson & Doremus Investment Management boosted its position in AT&T by 24.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 81,694 shares of the technology company’s stock valued at $2,623,000 after acquiring an additional 15,966 shares in the last quarter. Guardian Investment Management boosted its position in AT&T by 8.4% during the 2nd quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock valued at $4,598,000 after acquiring an additional 11,054 shares in the last quarter. Ironsides Asset Advisors LLC boosted its position in AT&T by 450.8% during the 2nd quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock valued at $1,735,000 after acquiring an additional 44,231 shares in the last quarter. Whittier Trust Co. boosted its position in AT&T by 9.5% during the 2nd quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock valued at $14,859,000 after acquiring an additional 40,293 shares in the last quarter. Finally, BP PLC boosted its position in AT&T by 30.5% during the 2nd quarter. BP PLC now owns 914,826 shares of the technology company’s stock valued at $29,375,000 after acquiring an additional 213,826 shares in the last quarter. Institutional investors own 63.84% of the company’s stock.

In other news, Director Michael B. Mccallister purchased 4,000 shares of the stock in a transaction on Friday, October 26th. The stock was bought at an average price of $29.14 per share, with a total value of $116,560.00. Following the transaction, the director now owns 7,361 shares in the company, valued at approximately $214,499.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Shares of T opened at $31.24 on Monday. AT&T Inc. has a one year low of $28.85 and a one year high of $39.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. The stock has a market cap of $191.78 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.72 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 3.51 earnings per share for the current year.

A number of analysts have recently weighed in on the company. Tigress Financial raised AT&T from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Bank of America reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 21st. Moffett Nathanson raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Monday, November 26th. UBS Group raised AT&T from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $38.00 in a research report on Friday, September 21st. They noted that the move was a valuation call. Finally, Macquarie reissued a “buy” rating and issued a $35.00 price objective on shares of AT&T in a research report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.35.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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