Equitable Trust Co. Has $465,000 Stock Position in AT&T Inc. (NYSE:T)

Equitable Trust Co. cut its holdings in AT&T Inc. (NYSE:T) by 20.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,403 shares of the technology company’s stock after selling 5,300 shares during the period. Equitable Trust Co.’s holdings in AT&T were worth $465,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T during the fourth quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new position in AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 1.2 %

Shares of NYSE:T opened at $25.16 on Wednesday. The firm has a market cap of $180.50 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $25.18. The business has a fifty day simple moving average of $23.09 and a 200 day simple moving average of $21.90. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.41%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has 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 a consensus target price of $26.21.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.