AT&T Inc. (T) Stake Lowered by Trust Co. of Vermont

Trust Co. of Vermont lessened its position in AT&T Inc. (NYSE:T) by 14.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 359,246 shares of the technology company’s stock after selling 59,288 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $10,253,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. raised its holdings in shares of AT&T by 0.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 62,943 shares of the technology company’s stock valued at $1,796,000 after buying an additional 330 shares during the last quarter. Legacy Advisors LLC raised its holdings in AT&T by 1.7% during the 4th quarter. Legacy Advisors LLC now owns 21,287 shares of the technology company’s stock worth $608,000 after purchasing an additional 363 shares during the last quarter. Butensky & Cohen Financial Security Inc. raised its holdings in AT&T by 0.7% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 61,929 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 429 shares during the last quarter. Advocacy Wealth Management Services LLC raised its holdings in AT&T by 10.6% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock worth $148,000 after purchasing an additional 500 shares during the last quarter. Finally, HT Partners LLC raised its holdings in AT&T by 4.3% during the 4th quarter. HT Partners LLC now owns 12,024 shares of the technology company’s stock worth $343,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 64.60% of the company’s stock.

Shares of T stock opened at $31.25 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $187.06 billion, a PE ratio of 8.88, a P/E/G ratio of 1.29 and a beta of 0.58. AT&T Inc. has a one year low of $26.80 and a one year high of $34.53.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. AT&T had a return on equity of 13.16% and a net margin of 10.59%. AT&T’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a $0.51 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.53%. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

Several analysts have weighed in on T shares. Barclays set a $32.00 price objective on AT&T and gave the stock a “hold” rating in a report on Friday, January 18th. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of AT&T in a report on Thursday, January 31st. ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Friday, March 15th. They noted that the move was a valuation call. Finally, Desjardins reissued an “average” rating and set a $56.50 price objective on shares of AT&T in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.32.

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AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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