Texas Bank & Trust Co Buys Shares of 60,414 AT&T Inc. (NYSE:T)

Texas Bank & Trust Co purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 60,414 shares of the technology company's stock, valued at approximately $1,376,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Minot DeBlois Advisors LLC bought a new position in shares of AT&T during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $28,000. Tradewinds Capital Management LLC increased its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares in the last quarter. YANKCOM Partnership bought a new position in AT&T during the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T in the fourth quarter valued at about $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.9%

T stock traded down $0.25 during midday trading on Tuesday, reaching $27.77. The company's stock had a trading volume of 24,961,924 shares, compared to its average volume of 36,791,389. The business's 50-day simple moving average is $27.23 and its 200-day simple moving average is $24.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03. The stock has a market cap of $199.82 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted 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 return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research report 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 report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.