Chevy Chase Trust Holdings LLC Has $86.32 Million Stock Holdings in AT&T Inc. (NYSE:T)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,791,054 shares of the technology company’s stock after selling 83,382 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of AT&T worth $86,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter worth about $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on T shares. UBS Group upped their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.33.

AT&T Trading Up 1.0 %

T stock opened at $25.63 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $25.74. The firm has a market cap of $183.87 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.79 and a beta of 0.59. The business’s 50 day moving average is $23.15 and its 200-day moving average is $21.96. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.33%. AT&T’s payout ratio is 74.50%.

AT&T Company Profile

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.