Trust Co. of Vermont cut its position in AT&T Inc. (NYSE:T) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,832 shares of the technology company’s stock after selling 1,279 shares during the period. AT&T comprises about 1.7% of Trust Co. of Vermont’s investment portfolio, making the stock its 8th largest position. Trust Co. of Vermont’s holdings in AT&T were worth $15,741,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Guggenheim Capital LLC raised its stake in AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock worth $114,401,000 after buying an additional 131,629 shares in the last quarter. RMB Capital Management LLC raised its stake in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock worth $1,537,000 after buying an additional 24,491 shares in the last quarter. Cpcm LLC purchased a new stake in AT&T during the fourth quarter worth approximately $1,786,000. Zurich Insurance Group Ltd FI raised its stake in AT&T by 20.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 870,749 shares of the technology company’s stock worth $37,033,000 after buying an additional 145,427 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares in the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded down 0.61% during mid-day trading on Friday, reaching $37.37. 23,017,865 shares of the company traded hands. The firm has a 50 day moving average of $37.59 and a 200-day moving average of $39.51. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.03. The stock has a market capitalization of $229.45 billion, a PE ratio of 17.56 and a beta of 0.47.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post $2.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.24%. AT&T’s payout ratio is 92.45%.
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A number of equities research analysts recently commented on the stock. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target for the company in a report on Wednesday. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Cowen and Company restated a “market perform” rating and issued a $41.00 price objective (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Finally, Barclays PLC decreased their price objective on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. AT&T presently has an average rating of “Hold” and an average price target of $43.50.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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