Trust Co. of Vermont Has $14.32 Million Stake in AT&T Inc. (T)
Trust Co. of Vermont grew its holdings in shares of AT&T Inc. (NYSE:T) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,551 shares of the technology company’s stock after buying an additional 719 shares during the quarter. AT&T accounts for about 1.5% of Trust Co. of Vermont’s holdings, making the stock its 12th biggest position. Trust Co. of Vermont’s holdings in AT&T were worth $14,321,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of T. Schwab Charles Investment Management Inc. raised its holdings in shares of AT&T by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after acquiring an additional 985,330 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in AT&T by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock valued at $744,385,000 after acquiring an additional 143,884 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in AT&T by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,314,812 shares of the technology company’s stock valued at $345,245,000 after acquiring an additional 62,384 shares in the last quarter. State of Wisconsin Investment Board lifted its position in AT&T by 11.0% in the 1st quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock valued at $251,456,000 after acquiring an additional 597,735 shares in the last quarter. Finally, Thomaspartners Inc. lifted its position in AT&T by 9.0% in the 1st quarter. Thomaspartners Inc. now owns 5,712,904 shares of the technology company’s stock valued at $237,371,000 after acquiring an additional 470,906 shares in the last quarter. Hedge funds and other institutional investors own 54.99% of the company’s stock.
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Shares of AT&T Inc. (NYSE:T) traded up 0.66% during midday trading on Tuesday, reaching $39.37. 7,165,222 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $37.69 and a 200-day moving average of $38.59. AT&T Inc. has a one year low of $35.10 and a one year high of $43.03. The stock has a market cap of $241.73 billion, a price-to-earnings ratio of 18.50 and a beta of 0.49.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s payout ratio is currently 92.45%.
A number of analysts have commented on the company. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a report on Wednesday, August 16th. Cowen and Company restated a “market perform” rating and issued a $41.00 target price (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Morgan Stanley raised their target price on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a research report on Wednesday, June 28th. Finally, Macquarie reaffirmed a “buy” rating and set a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.87.
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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