AT&T Inc. (NYSE:T) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont boosted its position in shares of AT&T Inc. (NYSE:T) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,903 shares of the technology company’s stock after purchasing an additional 2,431 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $2,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Altshuler Shaham Ltd bought a new stake in AT&T in the 2nd quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in AT&T in the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T traded up $0.28 on Friday, hitting $22.30. The company had a trading volume of 33,632,584 shares, compared to its average volume of 28,784,102. The company has a market cap of $159.97 billion, a PE ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The business has a 50 day moving average of $22.79 and a 200 day moving average of $21.29. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the business posted $0.64 EPS. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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 dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.98%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on T shares. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Profile

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.