AT&T Inc. (NYSE:T) Shares Bought by Bell Bank

Bell Bank lifted its holdings in AT&T Inc. (NYSE:T) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 384,065 shares of the technology company’s stock after purchasing an additional 5,643 shares during the quarter. AT&T accounts for approximately 0.6% of Bell Bank’s holdings, making the stock its 27th largest position. Bell Bank’s holdings in AT&T were worth $10,861,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital A Wealth Management LLC acquired a new stake in AT&T in the fourth quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth $28,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on T. Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Monday, April 7th. Wells Fargo & Company lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Tigress Financial increased their target price on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Finally, Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.71.

AT&T Stock Down 0.9%

AT&T stock opened at $27.95 on Tuesday. AT&T Inc. has a twelve month low of $17.49 and a twelve month high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $201.08 billion, a PE ratio of 18.76, a P/E/G ratio of 3.00 and a beta of 0.41. The firm’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $25.69.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the company posted $0.55 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is currently 68.10%.

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.