Keybank National Association OH decreased its stake in shares of AT&T Inc. (NYSE:T) by 0.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,126,321 shares of the technology company’s stock after selling 590 shares during the period. AT&T comprises 0.8% of Keybank National Association OH’s portfolio, making the stock its 24th largest position. Keybank National Association OH owned approximately 0.05% of AT&T worth $132,963,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Elgethun Capital Management purchased a new stake in AT&T during the fourth quarter valued at $100,000. Massey Quick & Co. LLC purchased a new stake in AT&T during the fourth quarter valued at $102,000. WealthTrust Arizona LLC raised its stake in AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the technology company’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in AT&T during the third quarter valued at $127,000. Finally, Concannon Wealth Management LLC raised its stake in AT&T by 40.3% in the third quarter. Concannon Wealth Management LLC now owns 3,145 shares of the technology company’s stock valued at $128,000 after buying an additional 904 shares in the last quarter. 53.90% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE:T) traded down 1.07% during trading on Friday, hitting $39.93. The stock had a trading volume of 25,240,278 shares. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The company has a market cap of $245.23 billion, a price-to-earnings ratio of 19.02 and a beta of 0.39. The firm’s 50-day moving average price is $41.49 and its 200-day moving average price is $40.39.
AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 25th. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company earned $41.80 billion during the quarter, compared to the consensus estimate of $42.14 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. AT&T’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that AT&T Inc. will post $2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.96 annualized dividend and a yield of 4.91%. AT&T’s dividend payout ratio is presently 93.78%.
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Several research firms recently weighed in on T. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.59 price target on the stock in a research report on Wednesday, March 22nd. Evercore ISI began coverage on AT&T in a research report on Monday, January 30th. They set a “hold” rating and a $44.00 price target on the stock. SunTrust Banks, Inc. initiated coverage on AT&T in a research report on Tuesday. They set a “hold” rating and a $40.00 price target on the stock. BTIG Research reissued a “neutral” rating on shares of AT&T in a report on Thursday, January 12th. Finally, Barclays PLC reissued a “hold” rating and issued a $41.00 target price on shares of AT&T in a report on Thursday, January 12th. Sixteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.21.
AT&T Company Profile
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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