Fiduciary Trust Co Increases Stock Position in AT&T Inc. (NYSE:T)

Fiduciary Trust Co boosted its holdings in shares of AT&T Inc. (NYSE:T) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,269 shares of the technology company’s stock after buying an additional 889 shares during the quarter. Fiduciary Trust Co’s holdings in AT&T were worth $2,101,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. 1620 Investment Advisors Inc. grew its holdings in AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after purchasing an additional 421 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the last quarter. BNP Paribas increased its position in AT&T by 1.0% during the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock valued at $942,000 after buying an additional 430 shares in the last quarter. Whittier Trust Co. raised its stake in AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock valued at $1,352,000 after buying an additional 433 shares during the last quarter. Finally, Wealthstream Advisors Inc. boosted its holdings in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after acquiring an additional 444 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on T. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Tigress Financial upped their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Stock Performance

NYSE:T opened at $27.88 on Friday. 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 stock has a market capitalization of $200.61 billion, a PE ratio of 18.71, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03. The company has a fifty day moving average of $27.15 and a two-hundred day moving average of $24.75.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. AT&T’s payout ratio is currently 68.10%.

About AT&T

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.