Union Savings Bank Grows Stock Holdings in AT&T Inc. (NYSE:T)

Union Savings Bank raised its stake in shares of AT&T Inc. (NYSE:T) by 32.9% in the 4th quarter, Holdings Channel reports. The fund owned 15,688 shares of the technology company’s stock after acquiring an additional 3,881 shares during the quarter. Union Savings Bank’s holdings in AT&T were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Mitchell Mcleod Pugh & Williams Inc. raised its position in AT&T by 3.1% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 50,397 shares of the technology company’s stock worth $1,148,000 after buying an additional 1,527 shares during the last quarter. Zhang Financial LLC purchased a new position in AT&T during the fourth quarter worth about $420,000. True Link Financial Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at about $252,000. UMB Bank n.a. boosted its holdings in AT&T by 46.0% in the 4th quarter. UMB Bank n.a. now owns 176,510 shares of the technology company’s stock valued at $4,019,000 after purchasing an additional 55,620 shares in the last quarter. Finally, Community Bank of Raymore increased its position in AT&T by 2.0% during the 4th quarter. Community Bank of Raymore now owns 67,957 shares of the technology company’s stock worth $1,547,000 after purchasing an additional 1,359 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 1.2 %

Shares of T stock opened at $22.30 on Monday. The company has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $22.79 and a 200 day moving average price of $21.33. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 90.24%.

Analysts Set New Price Targets

Several research firms have recently commented on T. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

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.