Parkside Financial Bank & Trust Has $853,000 Holdings in AT&T Inc. (NYSE:T)

Parkside Financial Bank & Trust grew its holdings in AT&T Inc. (NYSE:T) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,853 shares of the technology company’s stock after purchasing an additional 3,958 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AT&T were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of T. Carmel Capital Partners LLC boosted its stake in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of AT&T in the third quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after buying an additional 2,626 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.0 %

NYSE:T traded up $0.17 on Tuesday, reaching $16.48. 27,557,999 shares of the stock traded hands, compared to its average volume of 38,613,418. The firm has a market capitalization of $117.88 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. The company’s 50 day moving average is $16.99 and its 200-day moving average is $16.53. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Citigroup boosted their target price on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, January 19th. Finally, Barclays boosted their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $20.50.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.