AT&T Inc. (NYSE:T) Shares Purchased by Union Savings Bank

Union Savings Bank raised its holdings in AT&T Inc. (NYSE:T) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,688 shares of the technology company’s stock after acquiring an additional 3,881 shares during the period. Union Savings Bank’s holdings in AT&T were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% in 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 buying an additional 841 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of AT&T during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the third quarter valued at approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Tigress Financial upped their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday. Finally, Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $22.00 to $26.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T Price Performance

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

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. AT&T’s dividend payout ratio is presently 90.24%.

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.