First United Bank Trust reduced its stake in shares of AT&T Inc. (NYSE:T) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,544 shares of the technology company’s stock after selling 3,965 shares during the period. First United Bank Trust’s holdings in AT&T were worth $687,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its holdings in AT&T by 59.2% in the 3rd quarter. Fisher Asset Management LLC now owns 88,802 shares of the technology company’s stock valued at $3,478,000 after acquiring an additional 33,019 shares during the last quarter. Founders Capital Management raised its holdings in AT&T by 6.2% in the 3rd quarter. Founders Capital Management now owns 46,099 shares of the technology company’s stock valued at $1,806,000 after acquiring an additional 2,700 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in AT&T by 11.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 54,683 shares of the technology company’s stock valued at $2,142,000 after acquiring an additional 5,542 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of AT&T by 8.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,921,322 shares of the technology company’s stock valued at $231,940,000 after buying an additional 441,279 shares during the period. Finally, Sabal Trust CO grew its stake in shares of AT&T by 41.0% during the 3rd quarter. Sabal Trust CO now owns 831,806 shares of the technology company’s stock valued at $32,582,000 after buying an additional 241,698 shares during the period. Hedge funds and other institutional investors own 55.76% of the company’s stock.
T has been the subject of several research reports. Oppenheimer reissued a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Citigroup boosted their price objective on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 10th. KeyCorp reissued a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank lowered their price objective on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.59.
Shares of AT&T Inc. (NYSE T) traded up $0.42 during trading on Friday, reaching $36.90. 31,178,951 shares of the company were exchanged, compared to its average volume of 31,670,000. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70. The stock has a market cap of $226,530.00, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.94 and a beta of 0.44.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. analysts predict that AT&T Inc. will post 2.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.42%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is currently 96.15%.
In other news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company’s stock.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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