Bank Julius Baer & Co. Ltd Zurich Has $17.25 Million Stock Holdings in AT&T Inc. $T

Bank Julius Baer & Co. Ltd Zurich trimmed its position in AT&T Inc. (NYSE:T) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 596,081 shares of the technology company’s stock after selling 28,347 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in AT&T were worth $17,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of AT&T in the second quarter valued at about $5,266,758,000. Nuveen LLC bought a new stake in AT&T during the 1st quarter valued at approximately $1,072,128,000. GQG Partners LLC boosted its stake in AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after buying an additional 11,920,392 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after buying an additional 10,310,560 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 1.1%

Shares of AT&T stock opened at $25.55 on Friday. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79. The firm has a market capitalization of $181.12 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The company’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $27.50.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada cut their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. HSBC cut shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Thursday, July 24th. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Scotiabank set a $30.25 price objective on shares of AT&T and gave the stock a “sector perform” rating in a report on Monday, October 6th. Finally, UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $30.64.

AT&T 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.