AT&T Inc. (NYSE:T) Shares Bought by Tompkins Financial Corp

Tompkins Financial Corp increased its position in AT&T Inc. (NYSE:T) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,099 shares of the technology company’s stock after acquiring an additional 1,376 shares during the period. Tompkins Financial Corp’s holdings in AT&T were worth $890,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its position in shares of AT&T by 1.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company’s stock worth $594,000 after buying an additional 570 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of AT&T by 6.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 130,635 shares of the technology company’s stock worth $2,496,000 after purchasing an additional 7,981 shares during the period. Blair William & Co. IL lifted its stake in shares of AT&T by 4.4% in the 2nd quarter. Blair William & Co. IL now owns 406,190 shares of the technology company’s stock valued at $7,762,000 after purchasing an additional 17,001 shares in the last quarter. Waterloo Capital L.P. purchased a new stake in shares of AT&T during the 2nd quarter worth about $441,000. Finally, Carolinas Wealth Consulting LLC increased its position in AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.5 %

T opened at $22.02 on Friday. The stock’s fifty day moving average is $22.79 and its 200-day moving average is $21.28. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a market capitalization of $157.96 billion, a PE ratio of 17.90, a P/E/G ratio of 3.46 and a beta of 0.59. 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 (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the company earned $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $22.00 to $26.00 in a research report on Monday, January 6th. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

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.