Hills Bank & Trust Co Reduces Holdings in AT&T Inc. $T

Hills Bank & Trust Co lessened its holdings in AT&T Inc. (NYSE:T) by 17.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,427 shares of the technology company’s stock after selling 6,709 shares during the period. Hills Bank & Trust Co’s holdings in AT&T were worth $938,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of T. Brighton Jones LLC increased its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of AT&T by 74.9% during the first quarter. Golden State Wealth Management LLC now owns 7,341 shares of the technology company’s stock valued at $208,000 after acquiring an additional 3,143 shares during the last quarter. Aviance Capital Partners LLC increased its position in AT&T by 9.4% during the 1st quarter. Aviance Capital Partners LLC now owns 27,261 shares of the technology company’s stock worth $771,000 after purchasing an additional 2,338 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in AT&T by 2.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,596 shares of the technology company’s stock worth $498,000 after purchasing an additional 417 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in AT&T by 16.3% in the 1st quarter. Strategic Blueprint LLC now owns 35,780 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 5,011 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on T shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Barclays decreased their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. raised their price objective on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

AT&T Trading Up 0.3%

T stock opened at $24.76 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company has a market cap of $177.01 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.16 and a beta of 0.42. The business has a fifty day simple moving average of $27.57 and a 200-day simple moving average of $27.70. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

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.