First County Bank CT Has $600,000 Position in AT&T Inc. $T

First County Bank CT cut its stake in shares of AT&T Inc. (NYSE:T) by 56.4% in the third quarter, Holdings Channel reports. The fund owned 21,255 shares of the technology company’s stock after selling 27,449 shares during the period. First County Bank CT’s holdings in AT&T were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Kwmg LLC grew its holdings in shares of AT&T by 1.8% in the 3rd quarter. Kwmg LLC now owns 262,992 shares of the technology company’s stock worth $7,427,000 after purchasing an additional 4,719 shares during the last quarter. Czech National Bank boosted its position in AT&T by 3.2% in the third quarter. Czech National Bank now owns 1,815,736 shares of the technology company’s stock valued at $51,276,000 after buying an additional 56,876 shares in the last quarter. Chesley Taft & Associates LLC grew its stake in AT&T by 61.1% during the third quarter. Chesley Taft & Associates LLC now owns 62,908 shares of the technology company’s stock worth $1,777,000 after buying an additional 23,858 shares during the last quarter. Balefire LLC grew its stake in AT&T by 2.6% during the third quarter. Balefire LLC now owns 29,279 shares of the technology company’s stock worth $827,000 after buying an additional 733 shares during the last quarter. Finally, Country Club Bank increased its holdings in shares of AT&T by 2.2% during the third quarter. Country Club Bank now owns 26,894 shares of the technology company’s stock worth $755,000 after buying an additional 570 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $24.24 on Friday. The company has a fifty day moving average price of $25.26 and a two-hundred day moving average price of $27.17. The firm has a market capitalization of $171.85 billion, a PE ratio of 7.87, a P/E/G ratio of 1.43 and a beta of 0.38. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.6%. AT&T’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Williams Trading set a $33.00 price objective on AT&T in a research note on Thursday, October 23rd. KeyCorp upgraded AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.55.

About AT&T

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.