Dorsey & Whitney Trust CO LLC Has $981,000 Holdings in AT&T Inc. (NYSE:T)

Dorsey & Whitney Trust CO LLC boosted its stake in shares of AT&T Inc. (NYSE:TGet Rating) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,849 shares of the technology company’s stock after buying an additional 3,746 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in AT&T were worth $981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Econ Financial Services Corp acquired a new position in shares of AT&T in the 4th quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of AT&T in the 3rd quarter valued at about $29,000. Atwood & Palmer Inc. acquired a new position in shares of AT&T in the 4th quarter valued at about $29,000. Arlington Partners LLC increased its holdings in shares of AT&T by 70.7% in the 4th quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 523 shares during the period. Finally, Missouri Trust & Investment Co acquired a new position in shares of AT&T in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

A number of research firms recently commented on T. Deutsche Bank Aktiengesellschaft dropped their price objective on AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 11th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Moffett Nathanson began coverage on AT&T in a report on Tuesday, April 5th. They issued a $19.00 price objective on the stock. Citigroup dropped their price objective on AT&T from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, Wells Fargo & Company decreased their target price on AT&T from $26.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.73.

AT&T stock traded down $0.56 during mid-day trading on Friday, hitting $18.86. 70,195,438 shares of the company were exchanged, compared to its average volume of 59,050,380. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $22.33 and a 200 day moving average of $23.94. AT&T Inc. has a 1-year low of $16.62 and a 1-year high of $25.57. The company has a market capitalization of $134.71 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.10 and a beta of 0.68.

AT&T (NYSE:TGet Rating) last released its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.16. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The firm had revenue of $38.10 billion during the quarter, compared to analyst estimates of $38.29 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be paid a $0.278 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.90%. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

About AT&T (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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