Union Bancaire Privee UBP SA Makes New $1.64 Million Investment in AT&T Inc. (NYSE:T)

Union Bancaire Privee UBP SA purchased a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 72,440 shares of the technology company’s stock, valued at approximately $1,639,000.

Other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB grew its position in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after purchasing an additional 1,161,152 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of AT&T by 1.3% during the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 3,972 shares in the last quarter. Mediolanum International Funds Ltd grew its position in shares of AT&T by 7.1% during the third quarter. Mediolanum International Funds Ltd now owns 53,976 shares of the technology company’s stock valued at $1,180,000 after purchasing an additional 3,561 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AT&T by 22.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 476,079 shares of the technology company’s stock valued at $10,393,000 after purchasing an additional 85,699 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in shares of AT&T by 44.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 74,752 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 23,098 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.9 %

Shares of NYSE T opened at $26.64 on Monday. The firm has a 50-day simple moving average of $23.50 and a two-hundred day simple moving average of $22.32. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.72. The company has a market cap of $191.19 billion, a P/E ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank increased their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Company 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.