OLD Second National Bank of Aurora Cuts Stock Position in AT&T Inc. (NYSE:T)

OLD Second National Bank of Aurora cut its holdings in AT&T Inc. (NYSE:T) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,988 shares of the technology company’s stock after selling 2,900 shares during the quarter. OLD Second National Bank of Aurora’s holdings in AT&T were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after buying an additional 547 shares during the last quarter. SMH Capital Advisors Inc. lifted its position in AT&T by 1.8% in the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after buying an additional 565 shares during the last quarter. Kahn Brothers Group Inc. lifted its position in AT&T by 3.4% in the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after buying an additional 575 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. Finally, JB Capital LLC lifted its position in AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Citigroup lifted their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Finally, Tigress Financial lifted their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Price Performance

Shares of T stock opened at $16.33 on Friday. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.83. The firm has a market capitalization of $116.81 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 2.43 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The stock’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $16.48.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. AT&T’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.80%. AT&T’s dividend payout ratio is currently 56.63%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.