AT&T Inc. (T) Stake Maintained by Family Capital Trust Co
Family Capital Trust Co continued to hold its position in shares of AT&T Inc. (NYSE:T) during the third quarter, Holdings Channel reports. The institutional investor owned 7,985 shares of the company’s stock at the end of the third quarter. Family Capital Trust Co’s holdings in AT&T were worth $324,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Economic Planning Group Inc. ADV increased its stake in shares of AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock valued at $362,000 after buying an additional 32 shares during the period. Family Firm Inc. increased its stake in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the period. Delphi Private Advisors LLC increased its stake in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the period. Highland Private Wealth Management increased its stake in shares of AT&T by 0.6% in the second quarter. Highland Private Wealth Management now owns 10,720 shares of the company’s stock valued at $464,000 after buying an additional 60 shares during the period. Finally, Shoker Investment Counsel Inc. increased its stake in shares of AT&T by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 5,641 shares of the company’s stock valued at $243,000 after buying an additional 62 shares during the period. 52.80% of the stock is currently owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) traded down 0.12% on Friday, hitting $40.96. The stock had a trading volume of 13,932,163 shares. The stock has a market cap of $251.54 billion, a PE ratio of 17.42 and a beta of 0.37. AT&T Inc. has a 12 month low of $33.43 and a 12 month high of $43.89. The company has a 50 day moving average price of $41.09 and a 200-day moving average price of $40.58.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 10th will be issued a $0.49 dividend. The ex-dividend date is Friday, January 6th. This represents a $1.96 annualized dividend and a yield of 4.79%. This is an increase from AT&T’s previous quarterly dividend of $0.48. AT&T’s dividend payout ratio is currently 83.40%.
Several brokerages have recently commented on T. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $40.78 price objective for the company. in a research note on Wednesday, October 12th. Drexel Hamilton lowered AT&T from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Cowen and Company lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Monday, October 17th. Finally, Independent Research GmbH raised AT&T from a “sell” rating to a “hold” rating and upped their target price for the company from $36.00 to $39.00 in a report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company. AT&T has an average rating of “Hold” and a consensus target price of $43.16.
In related news, Director Geoffrey Y. Yang purchased 27,129 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were acquired at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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