Hills Bank & Trust Co Has $1.27 Million Holdings in AT&T Inc. (NYSE:T)

Hills Bank & Trust Co lifted its stake in shares of AT&T Inc. (NYSE:T) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,546 shares of the technology company’s stock after purchasing an additional 7,824 shares during the period. Hills Bank & Trust Co’s holdings in AT&T were worth $1,272,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pineridge Advisors LLC bought a new stake in AT&T during the 4th quarter worth about $25,000. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. First Pacific Financial lifted its holdings in AT&T by 166.7% in the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in AT&T by 176.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,192 shares during the last quarter. Finally, HighMark Wealth Management LLC grew its holdings in AT&T by 58.2% during the 1st quarter. HighMark Wealth Management LLC now owns 2,204 shares of the technology company’s stock worth $41,000 after acquiring an additional 811 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

NYSE T traded up $0.22 during trading on Friday, reaching $19.73. 21,519,295 shares of the company’s stock were exchanged, compared to its average volume of 35,880,934. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business has a 50 day moving average price of $18.96 and a 200-day moving average price of $17.79. The stock has a market capitalization of $141.47 billion, a P/E ratio of 10.61, a PEG ratio of 3.26 and a beta of 0.58. AT&T Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $19.99.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Sell-side analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.63%. AT&T’s payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. UBS Group restated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. The Goldman Sachs Group began coverage on shares of AT&T in a research note on Monday, July 1st. They issued a “buy” rating and a $22.00 target price for the company. Barclays lifted their price target on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Moffett Nathanson upped their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada raised their price objective on AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $22.06.

AT&T 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.