Peoples Bank KS Buys 1,475 Shares of AT&T Inc. (NYSE:T)

Peoples Bank KS lifted its position in AT&T Inc. (NYSE:T) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,238 shares of the technology company’s stock after purchasing an additional 1,475 shares during the period. Peoples Bank KS’s holdings in AT&T were worth $688,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in T. Strategic Financial Concepts LLC lifted its holdings in AT&T by 227.6% in the 2nd 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. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Altshuler Shaham Ltd bought a new stake in AT&T in the second quarter valued at $30,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the 3rd quarter valued at $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

T stock opened at $22.20 on Wednesday. The stock’s 50 day simple moving average is $22.83 and its 200 day simple moving average is $21.17. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The stock has a market capitalization of $159.29 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.00%. AT&T’s dividend payout ratio is presently 90.24%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. Sanford C. Bernstein initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Tigress Financial lifted their price objective on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.76.

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.