10,936 Shares in AT&T Inc. (NYSE:T) Bought by Community Trust & Investment Co.

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

A number of other institutional investors also recently modified their holdings of T. Vanguard Group Inc. increased its holdings in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC increased its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 5,649,277 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $1,858,418,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on T shares. Evercore ISI raised their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Barclays lifted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average target price of $28.76.

AT&T Trading Down 0.0%

Shares of T stock traded down $0.01 on Thursday, hitting $27.65. The stock had a trading volume of 27,983,350 shares, compared to its average volume of 36,658,234. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The firm has a market cap of $198.92 billion, a P/E ratio of 16.96, a PEG ratio of 3.85 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $27.49 and a two-hundred day moving average price of $25.72.

AT&T (NYSE:T - Get Free Report) last announced 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). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. As a group, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is presently 68.10%.

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.