AT&T Inc. (NYSE:T) Stock Position Increased by Intrust Bank NA

Intrust Bank NA raised its position in shares of AT&T Inc. (NYSE:T) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,663 shares of the technology company’s stock after purchasing an additional 5,258 shares during the period. Intrust Bank NA’s holdings in AT&T were worth $3,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Allstate Corp bought a new stake in shares of AT&T during the fourth quarter valued at about $4,807,000. Brown Brothers Harriman & Co. increased its stake in AT&T by 4.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 100,437 shares of the technology company’s stock valued at $2,287,000 after buying an additional 4,406 shares during the period. DnB Asset Management AS raised its position in shares of AT&T by 38.8% during the 4th quarter. DnB Asset Management AS now owns 1,767,387 shares of the technology company’s stock worth $40,243,000 after buying an additional 493,595 shares in the last quarter. Level Four Advisory Services LLC lifted its stake in shares of AT&T by 3.1% in the 4th quarter. Level Four Advisory Services LLC now owns 139,923 shares of the technology company’s stock worth $3,186,000 after acquiring an additional 4,202 shares during the period. Finally, Vertex Planning Partners LLC increased its stake in shares of AT&T by 15.7% during the fourth quarter. Vertex Planning Partners LLC now owns 12,752 shares of the technology company’s stock valued at $290,000 after acquiring an additional 1,729 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on T. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Performance

Shares of T opened at $28.20 on Friday. The company’s 50 day moving average price is $25.70 and its 200 day moving average price is $23.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.51. The company has a market capitalization of $202.40 billion, a PE ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.