AT&T Inc. (NYSE:T) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 19.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,000 shares of the technology company's stock after acquiring an additional 23,000 shares during the period. Inspire Trust Co. N.A.'s holdings in AT&T were worth $3,080,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC boosted its stake in shares of AT&T by 227.6% during the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock valued at $25,000 after purchasing an additional 91,578 shares during the period. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter valued at $25,000. Riggs Asset Managment Co. Inc. boosted its position in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Finally, American Capital Advisory LLC increased its position in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock valued at $30,000 after acquiring an additional 807 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE:T traded up $0.27 during trading on Friday, hitting $23.63. The stock had a trading volume of 33,672,094 shares, compared to its average volume of 35,519,809. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The stock has a market capitalization of $169.55 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The stock has a 50-day simple moving average of $22.47 and a two-hundred day simple moving average of $20.51.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts' expectations of $30.50 billion. During the same quarter last year, the company earned $0.64 EPS. The business's revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio is currently 90.24%.

Analysts Set New Price Targets

Several research firms have weighed in on T. Barclays increased their price objective on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Redburn Atlantic raised AT&T to a "strong sell" rating in a research note on Monday, September 16th. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday. They set an "outperform" rating and a $28.00 price objective on the stock. Citigroup upped their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.00.

AT&T Profile

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.