First National Trust Co Grows Stake in AT&T Inc. (NYSE:T)

First National Trust Co grew its position in AT&T Inc. (NYSE:T) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,990 shares of the technology company’s stock after buying an additional 2,534 shares during the quarter. First National Trust Co’s holdings in AT&T were worth $2,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. Legacy Investment Solutions LLC purchased a new stake in AT&T during the third quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE lifted 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 purchasing an additional 841 shares during the last quarter. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 2.0 %

NYSE T opened at $26.61 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $190.98 billion, a PE ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average of $24.66 and a 200 day moving average of $23.03.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada upped their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Sanford C. Bernstein raised their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Scotiabank increased their price target on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

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.