Heritage Trust Co Purchases Shares of 229,227 AT&T Inc. (NYSE:T)

Heritage Trust Co purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 229,227 shares of the technology company's stock, valued at approximately $5,219,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new stake in AT&T in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.40 during trading on Friday, hitting $26.79. The stock had a trading volume of 32,053,085 shares, compared to its average volume of 36,892,644. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $29.03. The firm has a market cap of $192.29 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 3.00 and a beta of 0.42. The business's 50-day moving average is $26.59 and its 200 day moving average is $23.97.

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AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, sell-side 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 will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Scotiabank boosted their price target 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. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.