Heritage Trust Co Sells 6,800 Shares of AT&T Inc. (NYSE:T)

Heritage Trust Co reduced its position in AT&T Inc. (NYSE:TFree Report) by 25.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,114 shares of the technology company’s stock after selling 6,800 shares during the quarter. Heritage Trust Co’s holdings in AT&T were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Carmel Capital Partners LLC increased its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the period. FWL Investment Management LLC bought a new stake in AT&T during the fourth quarter worth about $31,000. Financial Freedom LLC purchased a new position in shares of AT&T in the 4th quarter worth about $34,000. V Square Quantitative Management LLC bought a new position in shares of AT&T during the 2nd quarter valued at about $32,000. Finally, Lipe & Dalton purchased a new position in shares of AT&T during the 3rd quarter valued at about $30,000. 53.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

T has been the topic of several analyst reports. Royal Bank of Canada lifted their price objective on AT&T from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Citigroup increased their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

Check Out Our Latest Report on T

AT&T Price Performance

Shares of NYSE:T opened at $17.73 on Monday. The business has a fifty day moving average price of $16.82 and a 200-day moving average price of $15.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market capitalization of $126.77 billion, a PE ratio of 9.10, a PEG ratio of 2.65 and a beta of 0.59. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.99.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. AT&T’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Tuesday, January 9th. AT&T’s payout ratio is currently 56.63%.

AT&T Profile

(Free Report)

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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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