AT&T Inc. (NYSE:T) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its holdings in AT&T Inc. (NYSE:T) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,563 shares of the technology company’s stock after selling 6,021 shares during the quarter. CENTRAL TRUST Co’s holdings in AT&T were worth $3,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in AT&T during the 4th quarter worth about $1,118,288,000. Ameriprise Financial Inc. lifted its holdings in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares during the last quarter. FMR LLC raised its position in shares of AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after acquiring an additional 32,558,342 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in AT&T during the fourth quarter worth approximately $316,472,000. Finally, Kodai Capital Management LP acquired a new position in AT&T in the fourth quarter valued at approximately $152,109,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.3 %

NYSE T traded up $0.23 on Wednesday, hitting $17.50. 30,330,165 shares of the stock traded hands, compared to its average volume of 37,434,523. The company has a market capitalization of $125.48 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. The stock has a 50-day moving average of $17.03 and a 200 day moving average of $16.84. 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 Inc. has a twelve month low of $13.43 and a twelve month high of $18.16.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup upped their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. Finally, Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.