HTLF Bank Purchases New Shares in AT&T Inc. (NYSE:T)

HTLF Bank purchased a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, Holdings Channel reports. The fund purchased 35,783 shares of the technology company’s stock, valued at approximately $600,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of T. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in AT&T by 1.2% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after acquiring an additional 547 shares during the last quarter. SMH Capital Advisors Inc. grew its position in AT&T by 1.8% in the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after acquiring an additional 565 shares during the last quarter. Kahn Brothers Group Inc. grew its position in AT&T by 3.4% in the 4th quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after acquiring an additional 575 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the last quarter. Finally, JB Capital LLC grew its position in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after acquiring an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on T. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays increased their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Trading Up 1.1 %

AT&T stock opened at $16.51 on Friday. The stock has a 50-day moving average of $17.00 and a two-hundred day moving average of $16.49. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a one year low of $13.43 and a one year high of $18.72. The stock has a market cap of $118.09 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

AT&T Company Profile

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.