AT&T Inc. (NYSE:T) Shares Acquired by Hills Bank & Trust Co

Hills Bank & Trust Co increased its holdings in shares of AT&T Inc. (NYSE:T) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,179 shares of the technology company’s stock after acquiring an additional 2,275 shares during the quarter. Hills Bank & Trust Co’s holdings in AT&T were worth $1,010,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of AT&T by 54.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,280,344 shares of the technology company’s stock valued at $34,251,000 after buying an additional 805,307 shares during the period. TIAA Trust National Association acquired a new position in shares of AT&T in the 3rd quarter valued at $3,902,000. BSW Wealth Partners grew its holdings in shares of AT&T by 11.7% during the 3rd quarter. BSW Wealth Partners now owns 26,096 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,731 shares during the period. Dubuque Bank & Trust Co increased its position in shares of AT&T by 7.7% during the 3rd quarter. Dubuque Bank & Trust Co now owns 37,353 shares of the technology company’s stock worth $561,000 after purchasing an additional 2,655 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in AT&T by 13.2% in the third quarter. First Horizon Advisors Inc. now owns 965,369 shares of the technology company’s stock valued at $14,500,000 after buying an additional 112,838 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.4 %

Shares of T stock traded up $0.07 on Thursday, reaching $17.18. 22,541,685 shares of the stock were exchanged, compared to its average volume of 38,480,242. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $123.18 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.32 and a beta of 0.57. The business’s 50 day moving average price is $16.98 and its 200 day moving average price is $16.70.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the company earned $0.60 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.46%. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $20.81.

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.