GAM Holding AG Lowers Stake in AT&T Inc. $T

GAM Holding AG lowered its holdings in shares of AT&T Inc. (NYSE:T) by 69.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,324 shares of the technology company’s stock after selling 30,472 shares during the period. GAM Holding AG’s holdings in AT&T were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. PDS Planning Inc grew its stake in shares of AT&T by 1.7% in the 3rd quarter. PDS Planning Inc now owns 39,986 shares of the technology company’s stock worth $1,129,000 after buying an additional 677 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in AT&T by 13.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 45,890 shares of the technology company’s stock worth $1,296,000 after acquiring an additional 5,340 shares in the last quarter. Brookwood Investment Group LLC boosted its holdings in AT&T by 39.0% in the third quarter. Brookwood Investment Group LLC now owns 48,614 shares of the technology company’s stock worth $1,373,000 after acquiring an additional 13,638 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of AT&T by 28.1% in the third quarter. SJS Investment Consulting Inc. now owns 7,156 shares of the technology company’s stock worth $202,000 after acquiring an additional 1,570 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of AT&T by 13.8% during the third quarter. SteelPeak Wealth LLC now owns 420,030 shares of the technology company’s stock valued at $11,862,000 after acquiring an additional 50,969 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Tuesday, November 11th. Citigroup lowered their price objective on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, Wells Fargo & Company reduced their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.24.

AT&T Stock Performance

T stock opened at $24.54 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a market cap of $174.00 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 1.31 and a beta of 0.39. The stock’s fifty day moving average price is $25.00 and its 200-day moving average price is $26.90.

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, meeting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business 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 dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) 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.