AT&T Inc. (NYSE:T) Shares Bought by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in AT&T Inc. (NYSE:T) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,961 shares of the technology company’s stock after acquiring an additional 1,078 shares during the period. Whittier Trust Co.’s holdings in AT&T were worth $1,297,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in AT&T during the 3rd quarter worth $196,000. Livelsberger Financial Advisory bought a new stake in shares of AT&T in the 3rd quarter worth about $80,000. Retirement Guys Formula LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $209,000. Little House Capital LLC lifted its position in shares of AT&T by 4.8% during the third quarter. Little House Capital LLC now owns 11,619 shares of the technology company’s stock worth $256,000 after purchasing an additional 537 shares during the last quarter. Finally, Everence Capital Management Inc. increased its holdings in AT&T by 10.4% in the third quarter. Everence Capital Management Inc. now owns 211,666 shares of the technology company’s stock valued at $4,657,000 after buying an additional 19,920 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Tigress Financial increased their target price on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. TD Cowen increased their target price on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.69.

AT&T Trading Down 0.7 %

Shares of NYSE:T opened at $21.51 on Wednesday. The firm has a market cap of $154.23 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.73 and a beta of 0.60. AT&T Inc. has a 12 month low of $14.74 and a 12 month high of $22.34. The company’s fifty day simple moving average is $21.03 and its 200 day simple moving average is $19.04. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.16%. AT&T’s dividend payout ratio is 63.79%.

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.