AT&T Inc. (NYSE:T) Stock Holdings Increased by Field & Main Bank

Field & Main Bank boosted its holdings in shares of AT&T Inc. (NYSE:T) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,255 shares of the technology company’s stock after purchasing an additional 2,275 shares during the period. Field & Main Bank’s holdings in AT&T were worth $438,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T during the 4th quarter valued at $34,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the third quarter worth $35,000. Finally, Reston Wealth Management LLC purchased a new position in shares of AT&T during the third quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

NYSE:T traded up $0.24 on Wednesday, reaching $24.64. The stock had a trading volume of 4,860,367 shares, compared to its average volume of 37,396,781. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $176.76 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The stock has a fifty day moving average price of $22.86 and a 200-day moving average price of $21.55.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. Research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on T shares. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank upped their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

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.