AT&T Inc. (NYSE:T) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lifted its position in shares of AT&T Inc. (NYSE:T) by 3.6% during the first quarter, HoldingsChannel reports. The fund owned 96,236 shares of the technology company’s stock after acquiring an additional 3,354 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in AT&T were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at $25,000. Pineridge Advisors LLC purchased a new position in shares of AT&T in the 4th quarter valued at about $25,000. Ramirez Asset Management Inc. purchased a new position in shares of AT&T in the 3rd quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new stake in AT&T during the fourth quarter worth about $39,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T opened at $18.07 on Wednesday. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.45. The firm has a market cap of $129.56 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The company’s 50-day moving average is $17.22 and its two-hundred day moving average is $17.08. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Research analysts expect that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on T shares. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Finally, Scotiabank boosted their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.54.

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.