AT&T Inc. (NYSE:T) Shares Bought by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 23.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,335 shares of the technology company’s stock after purchasing an additional 4,803 shares during the period. Cutler Investment Counsel LLC’s holdings in AT&T were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. State Street Corp grew its holdings in shares of AT&T by 0.5% in the 1st quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock worth $5,530,602,000 after acquiring an additional 1,567,008 shares during the period. Newport Trust Company LLC grew its holdings in shares of AT&T by 0.3% in the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after acquiring an additional 673,043 shares during the period. Morgan Stanley grew its holdings in shares of AT&T by 37.3% in the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of AT&T by 85,003.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after acquiring an additional 76,746,649 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of AT&T by 2.5% in the 3rd quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after acquiring an additional 1,828,237 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.6 %

Shares of AT&T stock traded up $0.09 during trading hours on Friday, reaching $16.42. 26,912,761 shares of the company’s stock were exchanged, compared to its average volume of 38,307,789. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.72. The firm has a market capitalization of $117.45 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The company has a fifty day moving average of $17.01 and a 200-day moving average of $16.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Sell-side analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.