Commerzbank Aktiengesellschaft FI Raises Position in AT&T Inc. $T

Commerzbank Aktiengesellschaft FI raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,725,246 shares of the technology company’s stock after acquiring an additional 48,240 shares during the period. AT&T comprises about 2.2% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 16th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in AT&T were worth $105,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its position in AT&T by 2.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 91,727 shares of the technology company’s stock worth $2,482,000 after acquiring an additional 2,219 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its stake in shares of AT&T by 3.3% during the third quarter. FSB Premier Wealth Management Inc. now owns 17,754 shares of the technology company’s stock valued at $501,000 after purchasing an additional 559 shares during the period. BLB&B Advisors LLC grew its holdings in shares of AT&T by 10.2% in the third quarter. BLB&B Advisors LLC now owns 15,437 shares of the technology company’s stock worth $436,000 after purchasing an additional 1,435 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of AT&T by 3.2% in the third quarter. Sagespring Wealth Partners LLC now owns 145,664 shares of the technology company’s stock worth $4,114,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Global Assets Advisory LLC increased its stake in shares of AT&T by 15.5% in the third quarter. Global Assets Advisory LLC now owns 19,976 shares of the technology company’s stock worth $564,000 after buying an additional 2,687 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on T shares. Loop Capital set a $29.00 price target on shares of AT&T in a research report on Friday, December 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Williams Trading set a $33.00 price target on AT&T in a report on Thursday, October 23rd. Barclays dropped their price objective on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, KeyCorp reissued an “overweight” rating on shares of AT&T in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.75.

AT&T Stock Performance

AT&T stock opened at $23.56 on Friday. AT&T Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $29.79. The stock’s 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $26.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market cap of $166.99 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.29 and a beta of 0.39.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s dividend payout ratio is 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.