Bath Savings Trust Co Sells 2,932 Shares of AT&T Inc. (NYSE:T)

Bath Savings Trust Co lowered its holdings in shares of AT&T Inc. (NYSE:T) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,116 shares of the technology company’s stock after selling 2,932 shares during the quarter. Bath Savings Trust Co’s holdings in AT&T were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Candriam S.C.A. grew its holdings in AT&T by 7.6% during the 2nd quarter. Candriam S.C.A. now owns 503,692 shares of the technology company’s stock valued at $9,625,000 after purchasing an additional 35,723 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after buying an additional 91,578 shares during the period. Asset Dedication LLC lifted its stake in shares of AT&T by 14.7% during the 2nd quarter. Asset Dedication LLC now owns 71,236 shares of the technology company’s stock worth $1,361,000 after acquiring an additional 9,147 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in AT&T by 202.3% during the 2nd quarter. Acadian Asset Management LLC now owns 822,797 shares of the technology company’s stock valued at $15,718,000 after acquiring an additional 550,583 shares during the period. Finally, Caprock Group LLC grew its position in AT&T by 44.2% in the 2nd quarter. Caprock Group LLC now owns 165,710 shares of the technology company’s stock valued at $3,167,000 after acquiring an additional 50,760 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock traded down $0.10 during midday trading on Tuesday, reaching $22.50. The stock had a trading volume of 12,434,093 shares, compared to its average volume of 25,069,668. The firm has a fifty day simple moving average of $22.83 and a two-hundred day simple moving average of $21.14. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market cap of $161.44 billion, a PE ratio of 18.29, a P/E/G ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the business posted $0.64 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.93%. AT&T’s payout ratio is 90.24%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on T shares. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $25.76.

AT&T Company Profile

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.