AT&T Inc. (NYSE:T) Shares Purchased by NBT Bank N A NY

NBT Bank N A NY boosted its position in AT&T Inc. (NYSE:T - Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 129,428 shares of the technology company's stock after acquiring an additional 8,989 shares during the period. NBT Bank N A NY's holdings in AT&T were worth $3,660,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kercheville Advisors LLC purchased a new stake in AT&T in the first quarter valued at approximately $568,000. Vicus Capital boosted its holdings in shares of AT&T by 31.7% in the 1st quarter. Vicus Capital now owns 51,530 shares of the technology company's stock valued at $1,457,000 after purchasing an additional 12,412 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of AT&T during the 1st quarter valued at $1,179,000. Grove Bank & Trust increased its holdings in shares of AT&T by 71.7% during the 1st quarter. Grove Bank & Trust now owns 21,352 shares of the technology company's stock worth $604,000 after buying an additional 8,918 shares during the last quarter. Finally, Community Trust & Investment Co. purchased a new position in shares of AT&T in the 1st quarter worth $309,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $27.95 on Tuesday. The firm has a market cap of $201.08 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 3.00 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business's 50 day moving average is $27.44 and its two-hundred day moving average is $25.69. AT&T Inc. has a 52-week low of $17.49 and a 52-week high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (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 company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Evercore ISI boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Tigress Financial lifted their target price on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T 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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