Bath Savings Trust Co decreased its position in shares of AT&T Inc. (NYSE:T) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,599 shares of the technology company’s stock after selling 3,507 shares during the period. Bath Savings Trust Co’s holdings in AT&T were worth $3,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in T. American Research & Management Co. raised its stake in AT&T by 8.0% in the third quarter. American Research & Management Co. now owns 43,228 shares of the technology company’s stock worth $1,755,000 after buying an additional 3,215 shares during the period. Horrell Capital Management Inc. raised its stake in AT&T by 0.3% in the third quarter. Horrell Capital Management Inc. now owns 42,265 shares of the technology company’s stock worth $1,716,000 after buying an additional 128 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in AT&T by 2.5% in the third quarter. Beese Fulmer Investment Management Inc. now owns 162,667 shares of the technology company’s stock worth $6,606,000 after buying an additional 4,018 shares during the period. Buckingham Asset Management LLC raised its stake in AT&T by 19.6% in the third quarter. Buckingham Asset Management LLC now owns 76,741 shares of the technology company’s stock worth $3,116,000 after buying an additional 12,560 shares during the period. Finally, 1st Global Advisors Inc. raised its stake in AT&T by 3.7% in the third quarter. 1st Global Advisors Inc. now owns 121,578 shares of the technology company’s stock worth $4,937,000 after buying an additional 4,319 shares during the period. Institutional investors own 53.90% of the company’s stock.

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

Shares of AT&T Inc. (NYSE:T) opened at 37.925 on Friday. The company has a market capitalization of $233.16 billion, a price-to-earnings ratio of 18.545 and a beta of 0.39. The firm’s 50-day moving average is $39.69 and its 200-day moving average is $40.43. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.89.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.74. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Analysts forecast that AT&T Inc. will post $2.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Thursday, April 6th. AT&T’s payout ratio is 93.78%.

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T has been the topic of a number of research analyst reports. Macquarie reissued a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Sunday, January 22nd. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $43.25 price target on the stock. in a report on Monday, January 23rd. FBR & Co increased their price target on shares of AT&T from $42.00 to $44.00 and gave the stock a “mkt perform” rating in a report on Thursday, January 26th. Royal Bank of Canada increased their price target on shares of AT&T from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, January 26th. Finally, William Blair reissued a “market perform” rating on shares of AT&T in a report on Saturday, January 28th. Seventeen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.16.

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.

5 Day Chart for NYSE:T

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