AT&T Inc. (NYSE:T) Shares Purchased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the technology company's stock after buying an additional 10,000 shares during the period. Inspire Trust Co. N.A.'s holdings in AT&T were worth $3,416,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of T. Hennion & Walsh Asset Management Inc. acquired a new position in AT&T in the fourth quarter valued at approximately $258,000. Diversify Wealth Management LLC lifted its holdings in shares of AT&T by 16.1% in the 4th quarter. Diversify Wealth Management LLC now owns 21,155 shares of the technology company's stock worth $459,000 after purchasing an additional 2,936 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in AT&T by 24.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 17,124 shares of the technology company's stock valued at $390,000 after purchasing an additional 3,384 shares during the period. Pure Financial Advisors LLC boosted its position in AT&T by 11.9% during the 4th quarter. Pure Financial Advisors LLC now owns 22,896 shares of the technology company's stock valued at $521,000 after purchasing an additional 2,433 shares during the period. Finally, Ballentine Partners LLC grew its stake in AT&T by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 89,130 shares of the technology company's stock worth $2,029,000 after buying an additional 6,574 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

T has been the subject of several analyst reports. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Evercore ISI raised their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Barclays boosted their price target 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, Wells Fargo & Company raised their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Trading Down 1.1%

NYSE T opened at $27.47 on Thursday. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market cap of $197.63 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.00 and a beta of 0.42. The stock's 50-day moving average is $27.28 and its 200-day moving average is $25.01.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T's dividend payout ratio is presently 68.10%.

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.

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