First Bank & Trust Sells 6,217 Shares of AT&T Inc. (NYSE:T)

First Bank & Trust decreased its position in shares of AT&T Inc. (NYSE:T) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 151,617 shares of the technology company’s stock after selling 6,217 shares during the quarter. First Bank & Trust’s holdings in AT&T were worth $3,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB lifted its holdings in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of AT&T by 1.9% in the third quarter. Whittier Trust Co. now owns 58,961 shares of the technology company’s stock worth $1,297,000 after acquiring an additional 1,078 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of AT&T by 20.4% in the third quarter. Foundations Investment Advisors LLC now owns 292,688 shares of the technology company’s stock worth $6,439,000 after acquiring an additional 49,590 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of AT&T by 45.8% in the third quarter. Sequoia Financial Advisors LLC now owns 247,992 shares of the technology company’s stock worth $5,456,000 after acquiring an additional 77,849 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its holdings in shares of AT&T by 35.0% in the third quarter. Alexander Labrunerie & CO. Inc. now owns 31,629 shares of the technology company’s stock worth $696,000 after acquiring an additional 8,196 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.23 on Thursday. The company has a market cap of $188.28 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.99 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.35. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $23.38 and a 200-day moving average of $22.20.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on T. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Company 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.