Bank of Hawaii Has $257,000 Holdings in AT&T Inc. (NYSE:T)

Bank of Hawaii boosted its stake in AT&T Inc. (NYSE:T) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,284 shares of the technology company’s stock after purchasing an additional 985 shares during the period. Bank of Hawaii’s holdings in AT&T were worth $257,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of AT&T by 1.7% during the third quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company’s stock worth $21,238,000 after buying an additional 16,024 shares during the period. XTX Topco Ltd acquired a new stake in AT&T during the 3rd quarter worth about $502,000. TD Private Client Wealth LLC raised its position in shares of AT&T by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 197,315 shares of the technology company’s stock worth $4,341,000 after acquiring an additional 854 shares in the last quarter. Soltis Investment Advisors LLC lifted its stake in shares of AT&T by 23.4% in the 3rd quarter. Soltis Investment Advisors LLC now owns 15,504 shares of the technology company’s stock valued at $341,000 after purchasing an additional 2,941 shares during the period. Finally, M&T Bank Corp boosted its position in shares of AT&T by 1.1% during the 3rd quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company’s stock valued at $23,178,000 after purchasing an additional 11,895 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Royal Bank of Canada upped their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Price Performance

T opened at $26.38 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $189.33 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 3.00 and a beta of 0.42. The firm’s fifty day moving average price is $26.54 and its two-hundred day moving average price is $23.94.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, April 10th. AT&T’s payout ratio is 74.50%.

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.