Philadelphia Trust Co. Has $7.95 Million Holdings in AT&T Inc. (NYSE:T)

Philadelphia Trust Co. grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 117.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,999 shares of the technology company's stock after buying an additional 188,578 shares during the quarter. Philadelphia Trust Co.'s holdings in AT&T were worth $7,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in T. Vanguard Group Inc. raised its position in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares during the period. Geode Capital Management LLC boosted its holdings in AT&T by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC increased its stake in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in AT&T in the 4th quarter valued at approximately $1,858,418,000. Institutional investors own 57.10% of the company's stock.

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AT&T Price Performance

Shares of NYSE T traded up $0.43 during trading on Monday, reaching $27.22. The company had a trading volume of 27,039,792 shares, compared to its average volume of 36,853,394. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business's 50 day moving average price is $26.59 and its 200-day moving average price is $23.99. The stock has a market cap of $195.39 billion, a PE ratio of 18.27, a PEG ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Scotiabank boosted their price objective on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Royal Bank of Canada lifted their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.

AT&T 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.