First Financial Corp IN Sells 1,096 Shares of AT&T Inc. (NYSE:T)

First Financial Corp IN decreased its position in shares of AT&T Inc. (NYSE:T) by 12.7% in the 4th quarter, Holdings Channel reports. The fund owned 7,502 shares of the technology company’s stock after selling 1,096 shares during the quarter. First Financial Corp IN’s holdings in AT&T were worth $171,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its position in shares of AT&T by 1,379.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock valued at $270,581,000 after purchasing an additional 13,201,774 shares in the last quarter. AQR Capital Management LLC increased its position in shares of AT&T by 43.3% during the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock valued at $414,563,000 after buying an additional 6,602,586 shares during the period. Geode Capital Management LLC increased its position in shares of AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after buying an additional 3,630,972 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of AT&T by 110.3% in the second quarter. Canada Pension Plan Investment Board now owns 6,155,046 shares of the technology company’s stock valued at $117,623,000 after acquiring an additional 3,228,888 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in AT&T by 1,901.0% during the second quarter. Public Sector Pension Investment Board now owns 3,166,814 shares of the technology company’s stock valued at $60,518,000 after acquiring an additional 3,008,549 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.6 %

Shares of T opened at $21.56 on Tuesday. The firm has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $21.26. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The stock has a market capitalization of $154.70 billion, a P/E ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the firm earned $0.64 earnings per share. AT&T’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

Analyst Upgrades and Downgrades

Several brokerages have commented on T. Barclays raised their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research note on Monday, September 16th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.76.

About AT&T

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.