First Hawaiian Bank Sells 7,117 Shares of AT&T Inc. (NYSE:T)

First Hawaiian Bank lowered its stake in shares of AT&T Inc. (NYSE:T) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,300 shares of the technology company’s stock after selling 7,117 shares during the period. First Hawaiian Bank’s holdings in AT&T were worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of T. Carolinas Wealth Consulting LLC increased its stake in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after acquiring an additional 384 shares during the last quarter. Buska Wealth Management LLC increased its position in AT&T by 3.2% in the fourth quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company’s stock worth $305,000 after purchasing an additional 412 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after purchasing an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% during the fourth 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 in the last quarter. Finally, BNP Paribas lifted its position in AT&T by 1.0% during the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock valued at $942,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $27.52 on Thursday. The company has a market capitalization of $198.02 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The firm’s 50-day moving average is $27.34 and its 200 day moving average is $25.20. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. AT&T’s dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

A number of analysts have recently weighed in on T shares. Citigroup restated a “buy” rating on shares of AT&T in a report on Monday, April 7th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Evercore ISI boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 24th. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

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.