AT&T Inc. (T) Position Trimmed by Fulton Bank N.A.
Fulton Bank N.A. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,886 shares of the technology company’s stock after selling 6,123 shares during the quarter. AT&T makes up approximately 0.5% of Fulton Bank N.A.’s portfolio, making the stock its 29th biggest position. Fulton Bank N.A.’s holdings in AT&T were worth $7,125,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Almanack Investment Partners LLC. purchased a new stake in AT&T in the first quarter valued at approximately $109,000. Sterling Investment Advisors Ltd. lifted its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in AT&T in the second quarter valued at approximately $134,000. CKW Financial Group lifted its stake in AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after buying an additional 1,724 shares during the last quarter. Finally, Israel Discount Bank of New York lifted its stake in AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 55.76% of the company’s stock.
AT&T Inc. (T) opened at $38.46 on Tuesday. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03. The firm has a market capitalization of $234,755.38, a price-to-earnings ratio of 13.05, a P/E/G ratio of 3.18 and a beta of 0.44. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 94.69%.
T has been the subject of a number of research reports. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Citigroup boosted their price objective on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank cut their price target on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.82.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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