Terril Brothers Inc. Has $578,000 Holdings in AT&T Inc. (NYSE:T)

Key Points

• Terril Brothers Inc. reduced its stake in AT&T by 97.6% during the 1st quarter, now holding 20,428 shares valued at approximately $578,000.
• Recent analyst reports show varied ratings for AT&T, with HSBC downgrading the stock to a "hold" and a target of $30.00, while others, such as Tigress Financial and JPMorgan, set their targets at $34.00 and $33.00, respectively.
• AT&T announced a quarterly dividend of $0.2775, representing an annual yield of 3.9%, with a payout ratio of 63.07% as of the last payment on August 1st.

Terril Brothers Inc. decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 97.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,428 shares of the technology company's stock after selling 821,946 shares during the period. AT&T comprises 0.3% of Terril Brothers Inc.'s portfolio, making the stock its 28th biggest holding. Terril Brothers Inc.'s holdings in AT&T were worth $578,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Yoffe Investment Management LLC bought a new position in AT&T in the 4th quarter valued at $213,000. FIL Ltd increased its stake in shares of AT&T by 6.7% in the 4th quarter. FIL Ltd now owns 46,158 shares of the technology company's stock valued at $1,051,000 after buying an additional 2,897 shares during the period. Covestor Ltd raised its position in shares of AT&T by 50.7% during the fourth quarter. Covestor Ltd now owns 4,058 shares of the technology company's stock worth $93,000 after acquiring an additional 1,366 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of AT&T by 54.6% during the fourth quarter. Advisors Capital Management LLC now owns 18,850 shares of the technology company's stock worth $429,000 after acquiring an additional 6,657 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

AT&T stock traded up $0.37 during mid-day trading on Tuesday, hitting $28.51. 30,754,806 shares of the company's stock traded hands, compared to its average volume of 33,253,296. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $27.85 and a two-hundred day simple moving average of $27.12. AT&T Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $29.19. The stock has a market cap of $203.86 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 3.49 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T's dividend payout ratio (DPR) is 63.07%.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Morgan Stanley lifted their price objective on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial reiterated a "strong-buy" rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, July 24th. UBS Group reaffirmed a "buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. 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 AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.66.

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.