CENTRAL TRUST Co Has $4.14 Million Stock Holdings in AT&T Inc. (NYSE:T)

CENTRAL TRUST Co lowered its position in shares of AT&T Inc. (NYSE:T) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,008 shares of the technology company’s stock after selling 17,775 shares during the quarter. CENTRAL TRUST Co’s holdings in AT&T were worth $4,144,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% during the third 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. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC bought a new position in AT&T in the 3rd quarter worth approximately $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of T opened at $23.74 on Monday. The company has a 50 day moving average of $22.92 and a 200-day moving average of $21.64. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $170.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.71 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. AT&T’s dividend payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the subject of several research reports. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AT&T presently 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.