AT&T Inc. (NYSE:T) Shares Acquired by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora raised its position in shares of AT&T Inc. (NYSE:T) by 19.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,524 shares of the technology company’s stock after acquiring an additional 1,082 shares during the quarter. OLD Second National Bank of Aurora’s holdings in AT&T were worth $149,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased 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 valued at $29,000 after purchasing an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in 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 acquired a new stake in shares of AT&T in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.7 %

NYSE:T opened at $24.23 on Thursday. The firm has a market cap of $173.89 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The stock has a fifty day moving average price of $22.86 and a 200 day moving average price of $21.55. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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 7.42%. Sell-side analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on T shares. JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, 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. One investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.