WASHINGTON TRUST Co cut its position in shares of AT&T Inc. (NYSE:T - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 194,571 shares of the technology company's stock after selling 236,393 shares during the quarter. WASHINGTON TRUST Co's holdings in AT&T were worth $4,430,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB grew its holdings in shares of AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock worth $33,918,000 after acquiring an additional 1,161,152 shares during the last quarter. Creative Planning grew its holdings in shares of AT&T by 2.8% in the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company's stock worth $34,413,000 after acquiring an additional 43,218 shares during the last quarter. SPC Financial Inc. grew its holdings in shares of AT&T by 12.5% in the 3rd quarter. SPC Financial Inc. now owns 25,356 shares of the technology company's stock worth $558,000 after acquiring an additional 2,810 shares during the last quarter. Hengehold Capital Management LLC acquired a new position in shares of AT&T in the 3rd quarter worth $276,000. Finally, Bleakley Financial Group LLC grew its holdings in shares of AT&T by 6.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 265,512 shares of the technology company's stock worth $5,841,000 after acquiring an additional 16,499 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.
AT&T Stock Up 0.8 %
Shares of T traded up $0.20 during trading hours on Tuesday, hitting $26.07. 52,435,051 shares of the company were exchanged, compared to its average volume of 38,233,598. The company has a market cap of $187.09 billion, a PE ratio of 17.50, a PEG ratio of 2.79 and a beta of 0.59. The firm's 50 day moving average is $23.28 and its 200-day moving average is $22.12. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.26%. AT&T's dividend payout ratio (DPR) is presently 74.50%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on T shares. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.
Read Our Latest Analysis on T
About AT&T
(
Free Report)
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.
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