Banced Corp raised its position in AT&T Inc. (NYSE:T) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 11,105 shares of the company’s stock after buying an additional 450 shares during the period. Banced Corp’s holdings in AT&T were worth $382,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. River & Mercantile Asset Management bought a new stake in shares of AT&T during the fourth quarter valued at $51,000. Tirschwell & Loewy increased its stake in AT&T by 13.0% in the fourth quarter. Tirschwell & Loewy now owns 8,447 shares of the company’s stock worth $291,000 after buying an additional 970 shares during the period. M. Kraus & Company increased its stake in AT&T by 1.0% in the fourth quarter. M. Kraus & Company now owns 9,388 shares of the company’s stock worth $323,000 after buying an additional 90 shares during the period. Lau Associates increased its stake in AT&T by 2.9% in the fourth quarter. Lau Associates now owns 10,692 shares of the company’s stock worth $368,000 after buying an additional 300 shares during the period. Finally, Baystate Wealth Management increased its stake in AT&T by 43.8% in the fourth quarter. Baystate Wealth Management now owns 13,869 shares of the company’s stock worth $477,000 after buying an additional 4,223 shares during the period.

AT&T Inc. (NYSE:T) traded down 0.40% during trading on Monday, reaching $35.00. The company had a trading volume of 30,260,094 shares. The stock has a 50 day moving average of $34.15 and a 200-day moving average of $33.68. AT&T Inc. has a 12 month low of $30.97 and a 12 month high of $36.45. The company has a market capitalization of $215.32 billion and a P/E ratio of 36.80.

AT&T (NYSE:T) last announced its earnings results on Thursday, October 22nd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $39.10 billion for the quarter, compared to analysts’ expectations of $41.08 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post $2.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 8th will be issued a dividend of $0.48 per share. This is a boost from AT&T’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Wednesday, January 6th.

Several research analysts have recently issued reports on T shares. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $36.23 price target for the company. in a research note on Wednesday, September 30th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price target on shares of AT&T in a research note on Thursday, October 1st. Sanford C. Bernstein cut their price target on AT&T from $38.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, October 2nd. Finally, Canaccord Genuity reaffirmed a “positive” rating and set a $35.00 price target on shares of AT&T in a research note on Friday, October 9th. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.24.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (NYSE:T) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

12 Month Chart for NYSE:T

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