Morton Community Bank Acquires 3,025 Shares of AT&T Inc. (NYSE:T)

Morton Community Bank grew its position in AT&T Inc. (NYSE:T) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,428 shares of the technology company’s stock after buying an additional 3,025 shares during the period. AT&T accounts for about 1.1% of Morton Community Bank’s portfolio, making the stock its 24th largest position. Morton Community Bank’s holdings in AT&T were worth $4,154,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $28,000. Ritter Daniher Financial Advisory LLC DE grew its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new position in AT&T in the 4th quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.6 %

Shares of AT&T stock opened at $27.15 on Monday. The stock has a market capitalization of $194.85 billion, a P/E ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average price of $24.30 and a two-hundred day moving average price of $22.84. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders 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 annualized dividend and a dividend yield of 4.09%. AT&T’s payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on T shares. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. UBS Group increased their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

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.