AT&T Inc. $T Position Trimmed by First National Trust Co

First National Trust Co decreased its holdings in shares of AT&T Inc. (NYSE:T) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,532 shares of the technology company’s stock after selling 4,554 shares during the period. First National Trust Co’s holdings in AT&T were worth $2,591,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in T. Stone House Investment Management LLC acquired a new position in shares of AT&T during the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T during the second quarter valued at $26,000. Hager Investment Management Services LLC boosted its holdings in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Kennebec Savings Bank boosted its holdings in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after acquiring an additional 783 shares during the period. Finally, Solstein Capital LLC boosted its holdings in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $25.71 on Wednesday. The stock has a market capitalization of $183.80 billion, a P/E ratio of 8.35, a P/E/G ratio of 2.07 and a beta of 0.42. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The business’s fifty day moving average is $27.83 and its two-hundred day moving average is $27.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on T shares. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target on the stock. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a report on Saturday. Finally, HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

AT&T Company 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.