AT&T Inc. (NYSE:T) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its position in shares of AT&T Inc. (NYSE:T) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 450,512 shares of the technology company’s stock after selling 3,144 shares during the quarter. Huntington National Bank’s holdings in AT&T were worth $10,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its position 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 worth $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in AT&T in the fourth quarter valued at about $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on T shares. Citigroup boosted their price target on AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank upped their target price on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $27.21.

AT&T Price Performance

Shares of NYSE:T opened at $28.13 on Thursday. The company has a market cap of $201.92 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56. The business has a fifty day simple moving average of $26.06 and a 200-day simple moving average of $23.67. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.61. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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 research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

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.