First National Trust Co Has $1.86 Million Stock Holdings in AT&T Inc. (NYSE:T)

First National Trust Co lessened its position in AT&T Inc. (NYSE:T) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,365 shares of the technology company’s stock after selling 2,983 shares during the period. First National Trust Co’s holdings in AT&T were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in T. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in AT&T in the 4th quarter valued at $11,554,000. Clearbridge Investments LLC boosted its stake in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock valued at $1,129,000 after buying an additional 48,091 shares in the last quarter. Summa Corp. acquired a new stake in shares of AT&T in the 4th quarter valued at $395,000. Skopos Labs Inc. bought a new stake in AT&T during the fourth quarter worth about $839,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in AT&T by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after purchasing an additional 43,062 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $20.58 on Thursday. The company has a 50 day moving average of $19.23 and a 200-day moving average of $17.96. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $147.56 billion, a P/E ratio of 11.06, a P/E/G ratio of 3.36 and a beta of 0.59. AT&T Inc. has a twelve month low of $14.12 and a twelve month high of $20.87.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. boosted their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Oppenheimer lifted their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.06.

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.