Inspire Trust Co. N.A. Has $3.42 Million Stock Holdings in AT&T Inc. (NYSE:T)

Inspire Trust Co. N.A. boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the technology company's stock after purchasing an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.'s holdings in AT&T were worth $3,416,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on T shares. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

Shares of T traded up $0.22 during midday trading on Monday, hitting $27.45. 31,763,115 shares of the stock traded hands, compared to its average volume of 36,810,863. The business's 50 day moving average price is $27.30 and its two-hundred day moving average price is $25.13. The firm has a market capitalization of $197.50 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) 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.