Moody National Bank Trust Division Has $1.68 Million Stock Holdings in AT&T Inc. $T

Key Points

• Moody National Bank Trust Division increased its holdings in AT&T by 33.5% during the second quarter, owning 57,954 shares valued at approximately $1.68 million.
• AT&T's stock has received multiple buy ratings from analysts, with a consensus target price of $30.74 and one analyst rating it as a Strong Buy.
• AT&T reported a quarterly earnings of $0.54 per share, slightly above expectations, and has recently announced a quarterly dividend of $0.2775 per share, reflecting a yield of 3.8%.

Moody National Bank Trust Division raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 33.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,954 shares of the technology company's stock after acquiring an additional 14,552 shares during the period. Moody National Bank Trust Division's holdings in AT&T were worth $1,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in shares of AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $26,000. Hager Investment Management Services LLC lifted its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $29,000. Finally, Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.5%

Shares of T stock traded down $0.16 during mid-day trading on Friday, hitting $29.04. 62,059,787 shares of the company's stock were exchanged, compared to its average volume of 28,068,662. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The stock has a 50-day simple moving average of $28.45 and a two-hundred day simple moving average of $27.82. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $207.65 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.59 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. AT&T's dividend payout ratio is presently 63.07%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on T. Wells Fargo & Company raised their price target on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley raised their price target on AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Raymond James Financial reissued a "strong-buy" rating and issued a $33.00 price target (up from $31.00) on shares of AT&T in a report on Thursday. Bank of America began coverage on AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 price target for the company. Finally, Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.74.

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.