Capital City Trust Co. FL lessened its stake in shares of AT&T Inc. (NYSE:T) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,578 shares of the technology company’s stock after selling 535 shares during the quarter. Capital City Trust Co. FL’s holdings in AT&T were worth $1,858,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SlateStone Wealth LLC raised its stake in AT&T by 93.5% in the 3rd quarter. SlateStone Wealth LLC now owns 31,563 shares of the technology company’s stock worth $1,194,000 after purchasing an additional 15,255 shares in the last quarter. Employers Holdings Inc. raised its stake in AT&T by 307.1% in the 3rd quarter. Employers Holdings Inc. now owns 93,183 shares of the technology company’s stock worth $3,526,000 after purchasing an additional 70,295 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in AT&T by 13.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 78,623 shares of the technology company’s stock worth $2,975,000 after purchasing an additional 9,356 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in AT&T by 6.2% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 108,421 shares of the technology company’s stock worth $4,103,000 after purchasing an additional 6,350 shares in the last quarter. Finally, Morgan Stanley raised its stake in AT&T by 11.2% in the 2nd quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock worth $1,979,052,000 after purchasing an additional 5,931,167 shares in the last quarter. Institutional investors own 53.60% of the company’s stock.
T stock opened at $37.87 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 12 month low of $28.92 and a 12 month high of $39.70. The firm has a market cap of $276.75 billion, a P/E ratio of 10.76, a P/E/G ratio of 2.40 and a beta of 0.62. The company’s 50-day moving average price is $38.53 and its two-hundred day moving average price is $36.76.
AT&T (NYSE:T) last released its earnings results on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The firm had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 3.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.52 dividend. This is a positive change from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, January 9th. AT&T’s dividend payout ratio (DPR) is currently 59.09%.
Several analysts have weighed in on T shares. DZ Bank reiterated a “hold” rating and issued a $38.00 price objective on shares of AT&T in a research note on Wednesday, September 18th. Raymond James reiterated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of AT&T in a research note on Tuesday, October 29th. UBS Group lifted their price objective on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Moffett Nathanson cut shares of AT&T from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.22.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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