Trust Co. of Vermont Has $2.48 Million Holdings in AT&T Inc. (NYSE:T)

Trust Co. of Vermont grew its holdings in AT&T Inc. (NYSE:T) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 108,903 shares of the technology company’s stock after purchasing an additional 2,431 shares during the period. Trust Co. of Vermont’s holdings in AT&T were worth $2,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of AT&T by 43.3% in the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock valued at $414,563,000 after acquiring an additional 6,602,586 shares during the period. Geode Capital Management LLC boosted its holdings in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of AT&T by 110.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,155,046 shares of the technology company’s stock worth $117,623,000 after buying an additional 3,228,888 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of AT&T by 1,901.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,166,814 shares of the technology company’s stock worth $60,518,000 after purchasing an additional 3,008,549 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

NYSE T traded up $0.28 on Friday, hitting $22.30. 33,632,584 shares of the stock traded hands, compared to its average volume of 28,784,102. The company has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The stock has a 50-day moving average of $22.79 and a 200 day moving average of $21.29. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. 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 (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. As a group, analysts expect that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid 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 4.98%. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on T shares. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $22.00 to $26.00 in a research report on Monday, January 6th. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. 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. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price 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.