AT&T Inc. (NYSE:T) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of AT&T Inc. (NYSE:T) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 170,419 shares of the technology company’s stock after buying an additional 1,192 shares during the period. Diversified Trust Co’s holdings in AT&T were worth $3,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Strategic Financial Concepts LLC grew its holdings in AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after purchasing an additional 91,578 shares during the period. Legacy Investment Solutions LLC purchased a new stake in AT&T in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in AT&T during the second quarter worth $30,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the third quarter valued at $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on T shares. The Goldman Sachs Group boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $25.76.

AT&T Trading Down 0.7 %

AT&T stock traded down $0.16 during trading on Tuesday, hitting $22.44. The company had a trading volume of 6,346,949 shares, compared to its average volume of 23,388,416. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company’s 50 day simple moving average is $22.83 and its 200-day simple moving average is $21.14. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The stock has a market cap of $161.01 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Profile

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.