Intrust Bank NA Grows Holdings in AT&T Inc. (NYSE:T)

Intrust Bank NA increased its position in AT&T Inc. (NYSE:T) by 19.4% in the 4th quarter, HoldingsChannel reports. The fund owned 144,364 shares of the technology company’s stock after buying an additional 23,486 shares during the quarter. Intrust Bank NA’s holdings in AT&T were worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in T. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the last quarter. JB Capital LLC grew its stake in shares of AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after purchasing an additional 614 shares during the last quarter. Schubert & Co grew its stake in shares of AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock valued at $486,000 after purchasing an additional 631 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in shares of AT&T by 4.5% in the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock valued at $270,000 after purchasing an additional 678 shares during the last quarter. Finally, Wealthstar Advisors LLC grew its stake in shares of AT&T by 5.9% in the 4th quarter. Wealthstar Advisors LLC now owns 12,566 shares of the technology company’s stock valued at $211,000 after purchasing an additional 700 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on T shares. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Thursday. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Scotiabank lifted their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Price Performance

Shares of NYSE T traded up $0.27 during trading on Monday, reaching $17.02. The company had a trading volume of 42,175,715 shares, compared to its average volume of 39,326,734. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The stock has a market capitalization of $121.74 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The stock has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $16.58. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.52%. AT&T’s payout ratio is currently 59.68%.

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.