Cambridge Trust Co. Decreases Stock Holdings in AT&T Inc. (NYSE:T)

Cambridge Trust Co. lowered its holdings in AT&T Inc. (NYSE:T) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 44,736 shares of the technology company’s stock after selling 3,998 shares during the period. Cambridge Trust Co.’s holdings in AT&T were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of T. Investors Asset Management of Georgia Inc. GA ADV boosted its position in AT&T by 1.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 51,510 shares of the technology company’s stock worth $862,000 after purchasing an additional 876 shares during the period. Twin Capital Management Inc. lifted its position in shares of AT&T by 27.0% during the fourth quarter. Twin Capital Management Inc. now owns 158,635 shares of the technology company’s stock worth $2,662,000 after acquiring an additional 33,760 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of AT&T by 76.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,806 shares of the technology company’s stock worth $265,000 after acquiring an additional 6,859 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of AT&T by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 674,638 shares of the technology company’s stock worth $11,320,000 after acquiring an additional 48,480 shares during the period. Finally, Alpha Omega Wealth Management LLC grew its position in shares of AT&T by 6.5% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 500,114 shares of the technology company’s stock valued at $8,392,000 after purchasing an additional 30,480 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on T shares. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Tigress Financial upped their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Citigroup raised their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

AT&T Price Performance

Shares of NYSE:T opened at $16.25 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a market cap of $116.23 billion, a PE ratio of 8.33, a PEG ratio of 2.43 and a beta of 0.57. The company’s fifty day moving average is $17.01 and its 200 day moving average is $16.48. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.72.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. Research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

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.