Hills Bank & Trust Co Purchases 2,275 Shares of AT&T Inc. (NYSE:T)

Hills Bank & Trust Co raised its holdings in AT&T Inc. (NYSE:T) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 60,179 shares of the technology company’s stock after acquiring an additional 2,275 shares during the period. Hills Bank & Trust Co’s holdings in AT&T were worth $1,010,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in AT&T by 54.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,280,344 shares of the technology company’s stock worth $34,251,000 after buying an additional 805,307 shares during the period. TIAA Trust National Association bought a new stake in shares of AT&T during the third quarter worth $3,902,000. BSW Wealth Partners raised its holdings in shares of AT&T by 11.7% during the third quarter. BSW Wealth Partners now owns 26,096 shares of the technology company’s stock worth $392,000 after acquiring an additional 2,731 shares during the period. Dubuque Bank & Trust Co boosted its stake in AT&T by 7.7% in the 3rd quarter. Dubuque Bank & Trust Co now owns 37,353 shares of the technology company’s stock worth $561,000 after purchasing an additional 2,655 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of AT&T by 13.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 965,369 shares of the technology company’s stock valued at $14,500,000 after purchasing an additional 112,838 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of NYSE:T traded up $0.07 on Thursday, reaching $17.18. 22,541,685 shares of the company’s stock were exchanged, compared to its average volume of 38,480,242. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a fifty day moving average of $16.98 and a 200-day moving average of $16.70. The company has a market capitalization of $123.18 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.32 and a beta of 0.57. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. On average, research analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.46%. AT&T’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on T shares. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, March 5th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Finally, TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Company 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.