Texas Bank & Trust Co Invests $1.38 Million in AT&T Inc. (NYSE:T)

Texas Bank & Trust Co purchased a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 60,414 shares of the technology company’s stock, valued at approximately $1,376,000.

A number of other institutional investors have also recently bought and sold shares of T. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Keystone Financial Group lifted its holdings in shares of AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after purchasing an additional 143,744 shares in the last quarter. World Investment Advisors boosted its position in shares of AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after buying an additional 63,359 shares during the period. Fortress Financial Solutions LLC purchased a new position in shares of AT&T during the fourth quarter valued at $691,000. Finally, DigitalBridge Group Inc. raised its position in AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after buying an additional 365,776 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.72 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $27.18 and a 200-day simple moving average of $24.92. The stock has a market capitalization of $199.43 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.00%. AT&T’s payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Evercore ISI upped their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $28.71.

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.