Trust Co. of Vermont Has $2.20 Million Position in AT&T Inc. (NYSE:T)

Trust Co. of Vermont lessened its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 20.0% in the third quarter, HoldingsChannel.com reports. The firm owned 146,598 shares of the technology company’s stock after selling 36,582 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $2,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in AT&T by 2.2% during the second quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock valued at $8,529,543,000 after buying an additional 11,639,588 shares during the period. State Street Corp lifted its holdings in shares of AT&T by 3.4% in the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock worth $4,738,520,000 after buying an additional 9,781,352 shares in the last quarter. Newport Trust Company LLC raised its position in shares of AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares in the last quarter. Geode Capital Management LLC grew its position in AT&T by 2.8% in the second quarter. Geode Capital Management LLC now owns 138,173,010 shares of the technology company’s stock worth $2,198,463,000 after acquiring an additional 3,785,896 shares in the last quarter. Finally, Morgan Stanley grew its position in AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.

AT&T Price Performance

AT&T stock traded down $0.06 during midday trading on Tuesday, reaching $17.27. 5,914,673 shares of the stock traded hands, compared to its average volume of 38,538,500. The stock’s fifty day moving average is $17.03 and its 200-day moving average is $16.06. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.99. The stock has a market cap of $123.53 billion, a P/E ratio of 8.84, a PEG ratio of 2.56 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the company posted $0.61 earnings per share. AT&T’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current 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 paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend was Tuesday, January 9th. AT&T’s payout ratio is 56.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on T shares. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Wells Fargo & Company increased their price target 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. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $21.61.

Check Out Our Latest Research Report on AT&T

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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