287,648 Shares in AT&T Inc. (NYSE:T) Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise purchased a new stake in AT&T Inc. (NYSE:T) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 287,648 shares of the technology company’s stock, valued at approximately $8,134,000.

Other large investors have also recently added to or reduced their stakes in the company. FSA Advisors Inc. grew its stake in shares of AT&T by 41.1% during the first quarter. FSA Advisors Inc. now owns 20,112 shares of the technology company’s stock valued at $569,000 after acquiring an additional 5,857 shares in the last quarter. Canopy Partners LLC acquired a new position in AT&T in the first quarter worth about $200,000. Kirtland Hills Capital Management LLC acquired a new position in AT&T in the first quarter valued at approximately $230,000. Meeder Advisory Services Inc. boosted its stake in AT&T by 8.9% in the first quarter. Meeder Advisory Services Inc. now owns 140,641 shares of the technology company’s stock valued at $3,977,000 after acquiring an additional 11,518 shares during the period. Finally, JSF Financial LLC boosted its stake in AT&T by 7.6% in the first quarter. JSF Financial LLC now owns 33,775 shares of the technology company’s stock valued at $955,000 after acquiring an additional 2,383 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on T shares. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Wells Fargo & Company upped their price target on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.66.

AT&T Trading Down 1.4%

AT&T stock opened at $27.61 on Tuesday. The company has a market capitalization of $198.67 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 3.49 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a one year low of $18.64 and a one year high of $29.19. The company’s fifty day moving average price is $27.80 and its two-hundred day moving average price is $26.72.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio is currently 63.07%.

About AT&T

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.