City Holding Co. Has $699,000 Stock Holdings in AT&T Inc. (NYSE:T)

City Holding Co. lowered its position in AT&T Inc. (NYSE:T) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,716 shares of the technology company’s stock after selling 1,352 shares during the period. City Holding Co.’s holdings in AT&T were worth $699,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Successful Portfolios LLC grew its holdings in shares of AT&T by 2.7% during the fourth quarter. Successful Portfolios LLC now owns 19,544 shares of the technology company’s stock valued at $445,000 after buying an additional 515 shares during the last quarter. Annex Advisory Services LLC increased its holdings in AT&T by 5.4% during the 4th quarter. Annex Advisory Services LLC now owns 16,912 shares of the technology company’s stock worth $385,000 after purchasing an additional 859 shares in the last quarter. Kaydan Wealth Management Inc. raised its stake in shares of AT&T by 3.0% in the fourth quarter. Kaydan Wealth Management Inc. now owns 18,576 shares of the technology company’s stock worth $423,000 after purchasing an additional 539 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of AT&T by 10.2% in the fourth quarter. Grove Bank & Trust now owns 12,434 shares of the technology company’s stock valued at $283,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $276,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Price Performance

Shares of NYSE T opened at $22.30 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The stock has a market cap of $159.97 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The stock has a fifty day moving average of $22.79 and a 200-day moving average of $21.35.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.