Dorsey & Whitney Trust CO LLC Buys 4,770 Shares of AT&T Inc. $T

Dorsey & Whitney Trust CO LLC boosted its position in AT&T Inc. (NYSE:T) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,337 shares of the technology company’s stock after acquiring an additional 4,770 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in AT&T were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new stake in AT&T in the fourth quarter worth approximately $25,000. Stone House Investment Management LLC bought a new position in AT&T during the first quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $27,000. Finally, Hager Investment Management Services LLC lifted its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.0%

Shares of NYSE:T opened at $29.2660 on Thursday. The stock’s 50-day moving average is $27.96 and its 200 day moving average is $27.29. The company has a market cap of $209.26 billion, a PE ratio of 16.63, a P/E/G ratio of 3.58 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a 1 year low of $19.40 and a 1 year high of $29.38.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the company earned $0.51 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s payout ratio is presently 63.07%.

Analyst Ratings Changes

T has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Thursday, July 24th. Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.21.

AT&T 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.