Trustmark National Bank Trust Department Increases Stock Position in AT&T Inc. (NYSE:T)

Trustmark National Bank Trust Department grew its stake in AT&T Inc. (NYSE:T) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 79,907 shares of the technology company’s stock after acquiring an additional 3,400 shares during the period. Trustmark National Bank Trust Department’s holdings in AT&T were worth $1,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of AT&T in the fourth quarter valued at approximately $1,858,418,000. GQG Partners LLC raised its stake in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. Assetmark Inc. boosted its stake in shares of AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock valued at $225,741,000 after buying an additional 9,719,036 shares during the period. Invesco Ltd. increased its stake in shares of AT&T by 18.2% during the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company’s stock worth $1,085,034,000 after buying an additional 7,347,354 shares during the period. Finally, Vanguard Group Inc. raised its holdings in AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Scotiabank raised their price target on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Finally, BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.24.

AT&T Price Performance

Shares of NYSE:T opened at $26.79 on Monday. 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 one year low of $15.94 and a one year high of $29.03. The company has a 50-day simple moving average of $26.59 and a 200-day simple moving average of $23.99. The stock has a market capitalization of $192.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings data 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 8.95%. On average, analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.14%. AT&T’s dividend payout ratio is currently 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.