AT&T Inc. (NYSE:T) Stock Holdings Lifted by First Bancorp Inc ME

First Bancorp Inc ME lifted its holdings in shares of AT&T Inc. (NYSE:T) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,893 shares of the technology company’s stock after buying an additional 2,397 shares during the period. First Bancorp Inc ME’s holdings in AT&T were worth $749,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compass Wealth Management LLC lifted its stake in AT&T by 38.9% in the fourth quarter. Compass Wealth Management LLC now owns 5,395 shares of the technology company’s stock valued at $123,000 after buying an additional 1,512 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of AT&T by 508.3% in the 4th quarter. Cedar Mountain Advisors LLC now owns 2,506 shares of the technology company’s stock worth $57,000 after acquiring an additional 2,094 shares during the period. Dynamic Advisor Solutions LLC lifted its position in AT&T by 2.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 173,796 shares of the technology company’s stock valued at $3,957,000 after purchasing an additional 4,831 shares during the last quarter. PCG Wealth Advisors LLC acquired a new position in AT&T during the 4th quarter valued at about $301,000. Finally, Wheelhouse Advisory Group LLC grew its position in AT&T by 7.7% in the 4th quarter. Wheelhouse Advisory Group LLC now owns 24,231 shares of the technology company’s stock worth $552,000 after purchasing an additional 1,741 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.7 %

Shares of NYSE T opened at $22.69 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 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 company has a market cap of $162.77 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The business has a fifty day simple moving average of $22.80 and a 200-day simple moving average of $21.44.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts predict that AT&T Inc. will post 2.21 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. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.