30,231 Shares in AT&T Inc. (NYSE:T) Bought by Hickory Point Bank & Trust

Hickory Point Bank & Trust acquired a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,231 shares of the technology company’s stock, valued at approximately $688,000.

Several other large investors also recently modified their holdings of the company. Keynote Financial Services LLC grew its holdings in shares of AT&T by 1.1% in the fourth quarter. Keynote Financial Services LLC now owns 115,518 shares of the technology company’s stock worth $2,630,000 after acquiring an additional 1,272 shares during the period. Sherman Asset Management Inc. bought a new stake in shares of AT&T in the fourth quarter worth $90,000. Spectrum Wealth Counsel LLC grew its holdings in AT&T by 67,500.0% during the fourth quarter. Spectrum Wealth Counsel LLC now owns 8,112 shares of the technology company’s stock valued at $185,000 after purchasing an additional 8,100 shares during the period. Metis Global Partners LLC grew its holdings in AT&T by 8.7% during the fourth quarter. Metis Global Partners LLC now owns 276,242 shares of the technology company’s stock valued at $6,290,000 after purchasing an additional 22,030 shares during the period. Finally, Providence First Trust Co bought a new stake in AT&T during the fourth quarter valued at about $996,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE:T opened at $27.45 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $197.01 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.49. The business’s 50-day moving average is $23.91 and its 200 day moving average is $22.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

T has been the subject of several recent research reports. Citigroup boosted 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. Scotiabank boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group boosted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.33.

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.