Park National Corp OH Has $1.43 Million Stock Holdings in AT&T Inc. (NYSE:T)

Park National Corp OH raised its position in shares of AT&T Inc. (NYSE:T) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,854 shares of the technology company’s stock after acquiring an additional 677 shares during the quarter. Park National Corp OH’s holdings in AT&T were worth $1,431,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS lifted its holdings in AT&T by 5.1% during the fourth quarter. Peoples Bank KS now owns 30,238 shares of the technology company’s stock worth $688,000 after acquiring an additional 1,475 shares during the period. Spartan Planning & Wealth Management bought a new position in AT&T during the fourth quarter worth about $284,000. Diversified Trust Co grew its stake in AT&T by 0.7% in the 4th quarter. Diversified Trust Co now owns 170,419 shares of the technology company’s stock valued at $3,880,000 after buying an additional 1,192 shares in the last quarter. Bangor Savings Bank grew its position in shares of AT&T by 1.8% in the fourth quarter. Bangor Savings Bank now owns 75,123 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its holdings in AT&T by 3.8% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 59,359 shares of the technology company’s stock valued at $1,352,000 after buying an additional 2,197 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Tigress Financial raised their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $22.00 to $26.00 in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $25.76.

AT&T Price Performance

T stock opened at $22.20 on Thursday. The firm’s fifty day simple moving average is $22.83 and its 200-day simple moving average is $21.18. The company has a market capitalization of $159.29 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.00%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.