Bank Julius Baer & Co. Ltd Zurich Sells 9,644 Shares of AT&T Inc. (NYSE:T)

Bank Julius Baer & Co. Ltd Zurich cut its position in AT&T Inc. (NYSE:T) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 801,903 shares of the technology company’s stock after selling 9,644 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in AT&T were worth $13,456,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in shares of AT&T by 33.0% during the third quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock worth $651,000 after acquiring an additional 10,758 shares during the last quarter. Advisory Alpha LLC raised its position in shares of AT&T by 12.7% during the third quarter. Advisory Alpha LLC now owns 72,868 shares of the technology company’s stock worth $1,094,000 after acquiring an additional 8,236 shares during the last quarter. Secure Asset Management LLC raised its position in shares of AT&T by 22.6% during the third quarter. Secure Asset Management LLC now owns 18,367 shares of the technology company’s stock worth $276,000 after acquiring an additional 3,388 shares during the last quarter. Stewart & Patten Co. LLC raised its position in shares of AT&T by 1.5% during the third quarter. Stewart & Patten Co. LLC now owns 647,260 shares of the technology company’s stock worth $9,722,000 after acquiring an additional 9,475 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its position in shares of AT&T by 46.2% during the third quarter. Spirit of America Management Corp NY now owns 9,500 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,000 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

T traded up $0.17 during trading on Friday, reaching $16.75. 37,842,157 shares of the company were exchanged, compared to its average volume of 39,393,957. The company has a market cap of $119.77 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 2.54 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average is $16.97 and its two-hundred day moving average is $16.54. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.63%. AT&T’s payout ratio is 59.68%.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. Tigress Financial raised their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Scotiabank raised their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.