AT&T Inc. (NYSE:T) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont trimmed its position in AT&T Inc. (NYSE:T) by 31.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,790 shares of the technology company’s stock after selling 46,808 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Pineridge Advisors LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T during the fourth quarter worth $25,000. Ramirez Asset Management Inc. purchased a new stake in AT&T in the third quarter valued at $30,000. Western Pacific Wealth Management LP acquired a new stake in AT&T during the 4th quarter worth about $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Scotiabank lifted their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, April 29th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Finally, BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $21.32.

AT&T Trading Up 0.2 %

T stock opened at $17.67 on Tuesday. The business’s 50-day moving average is $17.19 and its 200 day moving average is $17.07. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.45. The stock has a market cap of $126.70 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 3.47 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.