Trust Co. of Vermont Raises Stock Position in AT&T Inc. $T

Trust Co. of Vermont grew its holdings in AT&T Inc. (NYSE:T) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,101 shares of the technology company’s stock after buying an additional 3,977 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $3,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in T. Stone House Investment Management LLC purchased a new position in shares of AT&T during the 1st quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T during the 2nd quarter worth about $26,000. Hager Investment Management Services LLC boosted its stake in shares of AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares during the period. Core Alternative Capital boosted its stake in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares during the period. Finally, IMA Advisory Services Inc. purchased a new position in shares of AT&T during the 1st quarter worth about $29,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 0.6%

NYSE:T opened at $28.25 on Wednesday. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $202.00 billion, a P/E ratio of 16.05, a P/E/G ratio of 3.59 and a beta of 0.44. The firm has a 50-day simple moving average of $28.64 and a 200-day simple moving average of $27.91.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is 63.07%.

Wall Street Analyst Weigh In

T has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price target for the company. The Goldman Sachs Group began coverage on shares of AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target for the company. Sanford C. Bernstein lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Wells Fargo & Company lifted their price objective on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

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.