MassMutual Private Wealth & Trust FSB Cuts Stock Holdings in AT&T Inc. (NYSE:T)

MassMutual Private Wealth & Trust FSB reduced its stake in AT&T Inc. (NYSE:T) by 15.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,963 shares of the technology company’s stock after selling 5,996 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in AT&T were worth $751,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of T. True Link Financial Advisors LLC purchased a new position in shares of AT&T in the 4th quarter worth approximately $252,000. UMB Bank n.a. boosted its position in AT&T by 46.0% in the fourth quarter. UMB Bank n.a. now owns 176,510 shares of the technology company’s stock worth $4,019,000 after purchasing an additional 55,620 shares during the last quarter. Community Bank of Raymore grew its stake in AT&T by 2.0% in the 4th quarter. Community Bank of Raymore now owns 67,957 shares of the technology company’s stock valued at $1,547,000 after purchasing an additional 1,359 shares during the period. M.E. Allison & CO. Inc. purchased a new stake in shares of AT&T during the 4th quarter valued at $1,142,000. Finally, Willner & Heller LLC raised its stake in shares of AT&T by 2.2% during the 4th quarter. Willner & Heller LLC now owns 24,798 shares of the technology company’s stock worth $565,000 after purchasing an additional 540 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. UBS Group increased their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased 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. Finally, Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Trading Up 0.9 %

Shares of T stock opened at $22.49 on Wednesday. The company has a market capitalization of $161.40 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The business’s fifty day moving average is $22.79 and its 200 day moving average is $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

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

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.