Peoples Bank KS Has $633,000 Stock Holdings in AT&T Inc. (NYSE:T)

Peoples Bank KS decreased its position in AT&T Inc. (NYSE:T) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,763 shares of the technology company’s stock after selling 703 shares during the period. Peoples Bank KS’s holdings in AT&T were worth $633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LifePlan Financial LLC grew its stake in shares of AT&T by 3.2% in the 3rd quarter. LifePlan Financial LLC now owns 25,118 shares of the technology company’s stock valued at $553,000 after purchasing an additional 770 shares during the period. Duncan Williams Asset Management LLC bought a new stake in shares of AT&T during the third quarter worth $232,000. Private Client Services LLC acquired a new stake in AT&T in the 3rd quarter valued at about $203,000. Apella Capital LLC increased its holdings in shares of AT&T by 20.8% in the third quarter. Apella Capital LLC now owns 29,346 shares of the technology company’s stock valued at $651,000 after purchasing an additional 5,061 shares in the last quarter. Finally, VERITY Wealth Advisors bought a new stake in shares of AT&T during the third quarter worth $219,000. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 0.6 %

AT&T stock traded down $0.14 during trading hours on Friday, reaching $21.91. The stock had a trading volume of 24,537,779 shares, compared to its average volume of 35,977,004. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The stock has a market cap of $157.10 billion, a PE ratio of 11.77, a PEG ratio of 3.75 and a beta of 0.59. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $22.34. The company has a fifty day simple moving average of $20.41 and a 200-day simple moving average of $18.63.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. AT&T’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on T shares. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. TD Cowen raised their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. Evercore ISI raised their price target on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. Finally, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.38.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.