AT&T Inc. (NYSE:T) Shares Acquired by First National Trust Co

First National Trust Co lifted its position in shares of AT&T Inc. (NYSE:T) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 98,990 shares of the technology company’s stock after purchasing an additional 2,534 shares during the period. First National Trust Co’s holdings in AT&T were worth $2,254,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Assetmark Inc. grew its stake in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock valued at $225,741,000 after acquiring an additional 9,719,036 shares during the period. Bank of New York Mellon Corp grew its stake in AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after acquiring an additional 5,649,277 shares during the period. Amundi grew its stake in AT&T by 19.8% in the 4th quarter. Amundi now owns 33,963,826 shares of the technology company’s stock valued at $753,318,000 after acquiring an additional 5,614,168 shares during the period. Geode Capital Management LLC grew its stake in AT&T by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in AT&T in the 4th quarter valued at $65,288,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 2.0 %

NYSE T opened at $26.61 on Friday. The firm’s 50-day moving average is $24.66 and its two-hundred day moving average is $23.03. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $190.98 billion, a P/E ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. DZ Bank 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 research note on Wednesday, January 29th. Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. Citigroup raised 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. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

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.