20,398 Shares in AT&T Inc. $T Purchased by Hilltop National Bank

Key Points

• Hilltop National Bank purchased 20,398 shares of AT&T Inc. valued at approximately $590,000 during the second quarter, highlighting growing institutional interest in the stock.
• AT&T announced a quarterly dividend of $0.2775 per share, representing a 4.1% yield and reflecting the company's ongoing commitment to returning value to shareholders.
• The company recently reported quarterly earnings of $0.54 per share, exceeding consensus estimates, along with a revenue increase of 3.4% year-over-year to $30.85 billion.

Hilltop National Bank purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,398 shares of the technology company's stock, valued at approximately $590,000.

A number of other hedge funds have also bought and sold shares of T. Stone House Investment Management LLC bought a new position in AT&T during the first quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in AT&T in the 2nd quarter valued at about $26,000. Hager Investment Management Services LLC increased its holdings in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the period. Kennebec Savings Bank increased its holdings in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock valued at $28,000 after buying an additional 783 shares during the period. Finally, Core Alternative Capital increased its holdings in AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 0.2%

T opened at $27.06 on Friday. The company's 50 day moving average is $28.60 and its 200-day moving average is $27.91. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a market cap of $193.49 billion, a P/E ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same period last year, the company earned $0.51 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.1%. AT&T's dividend payout ratio (DPR) is currently 63.07%.

Analyst Upgrades and Downgrades

Several research firms have commented on T. Barclays reissued an "equal weight" rating and issued a $30.00 target price on shares of AT&T in a report on Wednesday. Raymond James Financial reissued a "strong-buy" rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. Sanford C. Bernstein raised their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.74.

About AT&T

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.

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