Diversified Trust Co Raises Position in AT&T Inc. (NYSE:T)

Diversified Trust Co grew its position in shares of AT&T Inc. (NYSE:T) by 13.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 192,883 shares of the technology company’s stock after purchasing an additional 22,464 shares during the period. Diversified Trust Co’s holdings in AT&T were worth $5,455,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of AT&T by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 75,247 shares of the technology company’s stock valued at $1,713,000 after purchasing an additional 1,685 shares during the last quarter. Advisor OS LLC lifted its position in AT&T by 8.1% during the fourth quarter. Advisor OS LLC now owns 35,795 shares of the technology company’s stock valued at $815,000 after purchasing an additional 2,674 shares during the period. Checchi Capital Advisers LLC lifted its position in AT&T by 1.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 51,457 shares of the technology company’s stock valued at $1,172,000 after purchasing an additional 980 shares during the period. Finally, Simmons Bank boosted its holdings in AT&T by 9.9% in the fourth quarter. Simmons Bank now owns 47,739 shares of the technology company’s stock worth $1,087,000 after purchasing an additional 4,300 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.4%

Shares of T stock opened at $28.04 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a one year low of $18.14 and a one year high of $29.03. The company’s fifty day moving average price is $27.61 and its 200-day moving average price is $25.91. The company has a market capitalization of $201.73 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.96 and a beta of 0.41.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the business earned $0.55 earnings per share. AT&T’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Analyst Ratings Changes

T has been the subject of a number of research reports. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Williams Trading set a $30.00 price objective on AT&T in a research report on Thursday, April 24th. Oppenheimer increased their target price on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Barclays raised their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.76.

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.