Passumpsic Savings Bank Purchases 574 Shares of AT&T Inc. (NYSE:T)

Passumpsic Savings Bank increased its position in shares of AT&T Inc. (NYSE:T) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,943 shares of the technology company’s stock after purchasing an additional 574 shares during the quarter. Passumpsic Savings Bank’s holdings in AT&T were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new position in shares of AT&T in the third quarter worth about $35,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

AT&T stock opened at $26.64 on Friday. The stock has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.72. The stock’s 50 day moving average price is $23.50 and its two-hundred day moving average price is $22.28. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

AT&T Company 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.