Glenview State Bank Trust DEPT. Reduces Position in AT&T Inc. (T)

Glenview State Bank Trust DEPT. lowered its position in AT&T Inc. (NYSE:T) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,934 shares of the technology company’s stock after selling 4,445 shares during the period. AT&T accounts for 1.6% of Glenview State Bank Trust DEPT.’s portfolio, making the stock its 23rd largest holding. Glenview State Bank Trust DEPT.’s holdings in AT&T were worth $3,327,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in T. Israel Discount Bank of New York boosted its position in AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after purchasing an additional 25 shares during the period. Greatmark Investment Partners Inc. boosted its position in AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after purchasing an additional 53 shares during the period. Cim LLC boosted its position in AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after purchasing an additional 62 shares during the period. Stratford Consulting LLC boosted its position in AT&T by 0.9% during the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock worth $275,000 after purchasing an additional 68 shares during the period. Finally, Moon Capital Management LLC boosted its position in AT&T by 0.3% during the second quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 55.75% of the company’s stock.

AT&T Inc. (NYSE T) opened at $37.65 on Thursday. The company has a market capitalization of $231,130.00, a price-to-earnings ratio of 18.10, a P/E/G ratio of 3.20 and a beta of 0.44. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $43.00. 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 issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. analysts predict that AT&T Inc. will post 2.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.50 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is 94.23%.

In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

T has been the subject of several research reports. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price objective for the company in a research report on Thursday, September 28th. KeyCorp increased their price objective on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird reduced their price objective on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.58.

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AT&T Profile

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.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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