AT&T Inc. (NYSE:T) Holdings Boosted by Peoples Financial Services CORP.

Peoples Financial Services CORP. lifted its stake in shares of AT&T Inc. (NYSE:T) by 43.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,757 shares of the technology company’s stock after purchasing an additional 6,595 shares during the quarter. Peoples Financial Services CORP.’s holdings in AT&T were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Riggs Asset Managment Co. Inc. boosted its position in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,116 shares in the last quarter. American Capital Advisory LLC lifted its position in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after buying an additional 807 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in AT&T during the second quarter valued at $30,000. Marquette Asset Management LLC acquired a new position in AT&T in the 3rd quarter worth about $36,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of AT&T by 176.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,192 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup raised their price objective on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. TD Cowen boosted their price objective on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, 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 note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.69.

AT&T Stock Up 0.9 %

T stock traded up $0.20 during mid-day trading on Wednesday, reaching $21.71. The company had a trading volume of 2,250,430 shares, compared to its average volume of 35,522,418. The company has a market capitalization of $155.66 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 3.62 and a beta of 0.60. AT&T Inc. has a 52 week low of $14.28 and a 52 week high of $22.34. The stock has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $18.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. As a group, equities analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is 59.68%.

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.