NBT Bank N A NY Raises Stock Holdings in AT&T Inc. (NYSE:T)

NBT Bank N A NY increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,428 shares of the technology company's stock after acquiring an additional 8,989 shares during the quarter. NBT Bank N A NY's holdings in AT&T were worth $3,660,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the period. Geode Capital Management LLC lifted its position in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares in the last quarter. GQG Partners LLC boosted its holdings in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Bank of New York Mellon Corp grew its position in AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after acquiring an additional 5,649,277 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $1,858,418,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T traded up $0.13 during mid-day trading on Friday, hitting $27.79. 51,455,339 shares of the stock traded hands, compared to its average volume of 36,717,184. The firm has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $25.76. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market cap of $199.96 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

T has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday. Wells Fargo & Company raised their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.76.

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.