Heartland Bank & Trust Co Has $654,000 Stake in AT&T Inc. $T

Heartland Bank & Trust Co decreased its holdings in shares of AT&T Inc. (NYSE:T) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,614 shares of the technology company’s stock after selling 2,456 shares during the quarter. Heartland Bank & Trust Co’s holdings in AT&T were worth $654,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. NorthRock Partners LLC raised its stake in AT&T by 1.2% during the second quarter. NorthRock Partners LLC now owns 81,435 shares of the technology company’s stock worth $2,357,000 after acquiring an additional 970 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in AT&T by 11.7% during the second quarter. Verdence Capital Advisors LLC now owns 81,862 shares of the technology company’s stock worth $2,369,000 after acquiring an additional 8,599 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in AT&T by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 621,774 shares of the technology company’s stock worth $17,994,000 after acquiring an additional 3,300 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in AT&T during the second quarter worth about $313,000. Finally, Sequoia Financial Advisors LLC raised its stake in AT&T by 6.9% during the second quarter. Sequoia Financial Advisors LLC now owns 403,893 shares of the technology company’s stock worth $11,689,000 after acquiring an additional 26,147 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Scotiabank set a $30.25 price objective on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Morgan Stanley upped their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, UBS Group set a $33.00 price objective on AT&T in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.75.

AT&T Stock Performance

Shares of T stock opened at $25.57 on Tuesday. The business’s 50 day simple moving average is $28.41 and its 200 day simple moving average is $27.86. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The stock has a market capitalization of $182.80 billion, a PE ratio of 14.53, a PEG ratio of 2.10 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is presently 63.07%.

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.