Diversified Trust Co Acquires 1,192 Shares of AT&T Inc. (NYSE:T)

Diversified Trust Co boosted its stake in shares of AT&T Inc. (NYSE:T) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,419 shares of the technology company’s stock after purchasing an additional 1,192 shares during the period. Diversified Trust Co’s holdings in AT&T were worth $3,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised its holdings in shares of AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after acquiring an additional 91,578 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% in 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 during the last quarter. Altshuler Shaham Ltd bought a new stake in AT&T during the 2nd quarter valued at about $30,000. Finally, Reston Wealth Management LLC bought a new position in AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

T traded down $0.16 during trading on Tuesday, reaching $22.44. 6,346,949 shares of the company’s stock were exchanged, compared to its average volume of 23,388,416. The company’s fifty day simple moving average is $22.83 and its 200-day simple moving average is $21.14. The stock has a market capitalization of $161.01 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. As a group, research analysts predict that AT&T Inc. will post 2.19 earnings per share 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 issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is presently 90.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on T shares. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $25.76.

AT&T Profile

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.