Community Trust & Investment Co. Acquires Shares of 10,936 AT&T Inc. (NYSE:T)

Community Trust & Investment Co. purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,936 shares of the technology company's stock, valued at approximately $309,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Van ECK Associates Corp boosted its holdings in AT&T by 1.9% in the fourth quarter. Van ECK Associates Corp now owns 404,343 shares of the technology company's stock valued at $9,207,000 after purchasing an additional 7,385 shares during the last quarter. Blue Trust Inc. boosted its holdings in AT&T by 18.8% in the fourth quarter. Blue Trust Inc. now owns 99,506 shares of the technology company's stock valued at $2,266,000 after purchasing an additional 15,770 shares during the last quarter. WealthPlan Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at $213,000. Finally, Roxbury Financial LLC purchased a new position in shares of AT&T during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

AT&T stock traded down $0.07 during midday trading on Tuesday, reaching $27.91. 9,722,300 shares of the stock traded hands, compared to its average volume of 39,045,176. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average price of $27.44 and a two-hundred day moving average price of $25.69. The firm has a market cap of $200.79 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

Analyst Ratings Changes

Several brokerages have issued reports on T. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Williams Trading set a $30.00 price objective on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company increased 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. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, Tigress Financial raised their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.71.

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.