Northwest Bank & Trust Co Invests $392,000 in AT&T Inc. (NYSE:T)

Northwest Bank & Trust Co acquired a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,352 shares of the technology company’s stock, valued at approximately $392,000.

Several other hedge funds have also made changes to their positions in T. Northern Trust Corp boosted its holdings in AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after acquiring an additional 1,828,237 shares during the last quarter. Norges Bank acquired a new position in AT&T in the fourth quarter valued at $1,118,288,000. FMR LLC boosted its holdings in AT&T by 130.5% in the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AT&T by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after acquiring an additional 798,024 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on T shares. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Monday, April 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Scotiabank raised their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. Finally, BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $21.32.

AT&T Stock Performance

T stock traded down $0.03 during midday trading on Friday, reaching $17.64. The company had a trading volume of 22,652,283 shares, compared to its average volume of 30,374,524. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $17.18 and a 200 day moving average price of $17.06. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45. The firm has a market capitalization of $126.48 billion, a PE ratio of 9.48, a P/E/G ratio of 3.48 and a beta of 0.60.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.29%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

About AT&T

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.