AT&T Inc. $T Shares Bought by Trustmark Bank Trust Department

Trustmark Bank Trust Department increased its stake in AT&T Inc. (NYSE:T) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 95,774 shares of the technology company’s stock after purchasing an additional 7,619 shares during the quarter. Trustmark Bank Trust Department’s holdings in AT&T were worth $2,772,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Stone House Investment Management LLC acquired a new stake in AT&T in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the second quarter valued at $26,000. Kennebec Savings Bank grew its holdings in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Solstein Capital LLC grew its holdings in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares in the last quarter. Finally, Curio Wealth LLC increased its stake in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 0.7%

T stock opened at $25.99 on Friday. The firm has a market cap of $184.25 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.16 and a beta of 0.40. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The firm has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $27.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Williams Trading set a $33.00 price target on AT&T in a research note on Thursday, October 23rd. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Wells Fargo & Company dropped their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.64.

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.