Peoples Bank OH Sells 5,000 Shares of AT&T Inc. (T)
Peoples Bank OH decreased its holdings in AT&T Inc. (NYSE:T) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,704 shares of the technology company’s stock after selling 5,000 shares during the period. AT&T makes up approximately 0.8% of Peoples Bank OH’s investment portfolio, making the stock its 23rd largest position. Peoples Bank OH’s holdings in AT&T were worth $1,399,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Bartlett & Co. LLC boosted its position in shares of AT&T by 7.0% during the 3rd quarter. Bartlett & Co. LLC now owns 52,004 shares of the technology company’s stock worth $2,037,000 after purchasing an additional 3,402 shares during the period. Whittier Trust Co. boosted its position in shares of AT&T by 1.2% during the 3rd quarter. Whittier Trust Co. now owns 446,795 shares of the technology company’s stock worth $17,496,000 after purchasing an additional 5,412 shares during the period. Alpha Cubed Investments LLC boosted its position in shares of AT&T by 25.1% during the 3rd quarter. Alpha Cubed Investments LLC now owns 41,760 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 8,368 shares during the period. APG Asset Management N.V. boosted its position in shares of AT&T by 0.5% during the 3rd quarter. APG Asset Management N.V. now owns 17,001,635 shares of the technology company’s stock worth $665,954,000 after purchasing an additional 83,700 shares during the period. Finally, Carnick & Kubik Group LLC purchased a new position in shares of AT&T during the 3rd quarter worth approximately $422,000. 55.75% of the stock is owned by institutional investors and hedge funds.
In other news, Director Matthew K. Rose acquired 29,600 shares of AT&T stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by company insiders.
A number of equities analysts recently weighed in on the stock. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective for the company. in a research report on Friday, October 6th. Morgan Stanley increased their price objective on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 11th. Robert W. Baird reaffirmed an “outperform” rating and set a $43.00 price objective on shares of AT&T in a research report on Thursday, September 21st. Finally, KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.83.
Shares of AT&T Inc. (NYSE:T) opened at $38.94 on Tuesday. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $43.03. The firm has a market cap of $239,052.66, a price-to-earnings ratio of 18.81, a PEG ratio of 3.24 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. AT&T’s revenue for the quarter was down 3.0% compared to the same quarter last year. sell-side analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.14%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 94.69%.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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