CHICAGO TRUST Co NA Has $1.77 Million Holdings in AT&T Inc. (NYSE:T)

CHICAGO TRUST Co NA grew its position in AT&T Inc. (NYSE:T) by 38.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,630 shares of the technology company’s stock after purchasing an additional 21,636 shares during the period. CHICAGO TRUST Co NA’s holdings in AT&T were worth $1,768,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of AT&T during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the third quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.76.

AT&T Stock Down 0.8 %

NYSE:T traded down $0.17 on Monday, hitting $21.52. The stock had a trading volume of 10,384,808 shares, compared to its average volume of 30,254,105. The company has a market cap of $154.41 billion, a PE ratio of 17.50, a P/E/G ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The business’s fifty day moving average is $22.81 and its 200 day moving average is $21.24. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.19 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. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

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.