Plimoth Trust Co. LLC Has $4.62 Million Stake in AT&T Inc. (NYSE:T)

Plimoth Trust Co. LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,294 shares of the technology company's stock after acquiring an additional 10,217 shares during the period. AT&T accounts for approximately 1.2% of Plimoth Trust Co. LLC's holdings, making the stock its 25th largest position. Plimoth Trust Co. LLC's holdings in AT&T were worth $4,618,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. HCR Wealth Advisors bought a new stake in shares of AT&T during the 1st quarter worth about $204,000. Envestnet Portfolio Solutions Inc. lifted its holdings in AT&T by 16.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 422,800 shares of the technology company's stock worth $11,957,000 after purchasing an additional 58,470 shares during the last quarter. Janney Capital Management LLC bought a new stake in AT&T during the first quarter worth approximately $228,000. Harrell Investment Partners LLC acquired a new position in AT&T during the first quarter valued at approximately $770,000. Finally, Centennial Wealth Advisory LLC grew its holdings in AT&T by 16.3% during the first quarter. Centennial Wealth Advisory LLC now owns 41,240 shares of the technology company's stock valued at $1,166,000 after purchasing an additional 5,772 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T traded down $0.01 on Thursday, reaching $27.65. 27,983,350 shares of the stock traded hands, compared to its average volume of 36,658,234. The stock's 50-day moving average price is $27.49 and its 200-day moving average price is $25.72. 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 firm has a market cap of $198.92 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 3.85 and a beta of 0.41. AT&T Inc. has a 12 month low of $17.90 and a 12 month high of $29.03.

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). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the firm earned $0.55 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on T shares. Wells Fargo & Company boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Wednesday. Evercore ISI upped 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. Royal Bank Of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.76.

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.