Commerzbank Aktiengesellschaft FI Purchases 48,240 Shares of AT&T Inc. $T

Commerzbank Aktiengesellschaft FI raised its position in AT&T Inc. (NYSE:T) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,725,246 shares of the technology company’s stock after buying an additional 48,240 shares during the quarter. AT&T comprises about 2.2% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 16th largest position. Commerzbank Aktiengesellschaft FI owned about 0.05% of AT&T worth $105,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in T. Denali Advisors LLC grew its holdings in AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after buying an additional 22,394 shares in the last quarter. Csenge Advisory Group boosted its position in shares of AT&T by 20.3% in the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after acquiring an additional 31,935 shares during the period. Tredje AP fonden boosted its position in shares of AT&T by 1.8% in the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after acquiring an additional 21,720 shares during the period. CHURCHILL MANAGEMENT Corp grew its stake in AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after acquiring an additional 4,793 shares in the last quarter. Finally, Kickstand Ventures LLC. bought a new stake in AT&T during the 2nd quarter worth approximately $489,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup cut their price target on shares of AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Morgan Stanley lowered their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. TD Cowen restated a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

AT&T Stock Down 0.1%

T opened at $23.56 on Friday. The business’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $26.44. AT&T Inc. has a 52 week low of $22.54 and a 52 week high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The stock has a market cap of $166.99 billion, a PE ratio of 7.65, a P/E/G ratio of 1.29 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data 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 for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 of this dividend is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio is currently 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.