UMB Bank n.a. Has $4.02 Million Holdings in AT&T Inc. (NYSE:T)

UMB Bank n.a. lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 176,510 shares of the technology company's stock after buying an additional 55,620 shares during the quarter. UMB Bank n.a.'s holdings in AT&T were worth $4,019,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after buying an additional 3,630,972 shares during the last quarter. FMR LLC boosted its stake in AT&T by 1.9% during the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock valued at $1,341,693,000 after purchasing an additional 1,149,688 shares during the period. Legal & General Group Plc grew its position in AT&T by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock worth $1,148,689,000 after purchasing an additional 1,569,374 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of AT&T by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock valued at $985,307,000 after purchasing an additional 1,007,228 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of AT&T by 43.3% during the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock valued at $414,563,000 after buying an additional 6,602,586 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 0.8 %

Shares of NYSE T traded up $0.18 during mid-day trading on Tuesday, reaching $22.47. 13,226,742 shares of the company traded hands, compared to its average volume of 32,369,955. The company's fifty day moving average is $22.79 and its two-hundred day moving average is $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The stock has a market cap of $161.19 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.94%. AT&T's dividend payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Royal Bank of Canada upgraded shares of AT&T from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $22.00 to $26.00 in a research note on Monday, January 6th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price for the company. Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Finally, Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.83.

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.