Sunflower Bank N.A. Acquires 1,594 Shares of AT&T Inc. (NYSE:T)

Sunflower Bank N.A. raised its holdings in shares of AT&T Inc. (NYSE:T) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,449 shares of the technology company’s stock after purchasing an additional 1,594 shares during the period. Sunflower Bank N.A.’s holdings in AT&T were worth $443,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Altshuler Shaham Ltd bought a new position in AT&T in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in AT&T during the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the 3rd quarter valued at $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. Citigroup upped 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. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Sanford C. Bernstein initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.76.

AT&T Stock Performance

NYSE T traded down $0.13 on Monday, reaching $21.56. 29,815,102 shares of the stock were exchanged, compared to its average volume of 33,206,676. 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 Inc. has a one year low of $15.94 and a one year high of $24.03. The firm has a market capitalization of $154.70 billion, a PE ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The company’s 50-day simple moving average is $22.81 and its two-hundred day simple moving average is $21.24.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Analysts expect that AT&T Inc. will post 2.19 EPS 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. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 5.15%. AT&T’s payout ratio is 90.24%.

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.