Diversified Trust Co Has $2.59 Million Stock Holdings in AT&T Inc. (NYSE:T)

Diversified Trust Co boosted its position in shares of AT&T Inc. (NYSE:TFree Report) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,249 shares of the technology company’s stock after purchasing an additional 16,355 shares during the period. Diversified Trust Co’s holdings in AT&T were worth $2,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Pineridge Advisors LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T in the 3rd quarter valued at approximately $30,000. Western Pacific Wealth Management LP acquired a new stake in AT&T in the 4th quarter worth approximately $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its position in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Scotiabank raised their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group began coverage on AT&T in a report on Monday. They issued a “buy” rating and a $22.00 target price on the stock. Finally, StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

Read Our Latest Report on T

AT&T Price Performance

Shares of T stock opened at $18.98 on Tuesday. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.32. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $17.57 and a 200 day simple moving average of $17.18. The company has a market cap of $136.09 billion, a P/E ratio of 10.20, a P/E/G ratio of 4.34 and a beta of 0.58.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

AT&T Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AT&T (NYSE:T)

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