Talbot Financial LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Talbot Financial LLC lifted its holdings in AT&T Inc. (NYSE:T) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,242 shares of the technology company’s stock after purchasing an additional 1,144 shares during the period. Talbot Financial LLC’s holdings in AT&T were worth $7,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of T. CHICAGO TRUST Co NA boosted its holdings in AT&T by 38.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 77,630 shares of the technology company’s stock worth $1,768,000 after buying an additional 21,636 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $67,000. City State Bank boosted its holdings in shares of AT&T by 5.9% during the 4th quarter. City State Bank now owns 20,543 shares of the technology company’s stock worth $468,000 after purchasing an additional 1,148 shares during the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of AT&T by 14.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 130,888 shares of the technology company’s stock worth $2,980,000 after purchasing an additional 16,978 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of AT&T by 259.7% during the 4th quarter. Fiduciary Alliance LLC now owns 71,666 shares of the technology company’s stock worth $1,632,000 after purchasing an additional 51,742 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.7 %

NYSE T traded down $0.15 during mid-day trading on Monday, reaching $21.54. 16,298,594 shares of the stock were exchanged, compared to its average volume of 31,118,971. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The business’s fifty day simple moving average is $22.81 and its 200 day simple moving average is $21.24. The stock has a market capitalization of $154.56 billion, a PE ratio of 17.51, a PEG ratio of 3.60 and a beta of 0.59. 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 (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on T. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. 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. Sanford C. Bernstein began coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.76.

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.