Stock Yards Bank & Trust Co. Sells 15,691 Shares of AT&T Inc. (NYSE:T)

Stock Yards Bank & Trust Co. decreased its stake in AT&T Inc. (NYSE:T) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,656 shares of the technology company’s stock after selling 15,691 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in AT&T were worth $3,529,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of T. Vantage Financial Partners LLC increased its holdings in AT&T by 25.5% during the 4th quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after purchasing an additional 7,762 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of AT&T by 4.1% in the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock valued at $522,000 after buying an additional 1,212 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of AT&T by 4.5% in the fourth quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in AT&T by 21.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after buying an additional 4,870 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in AT&T by 7.8% during the 4th quarter. Brown Advisory Inc. now owns 242,324 shares of the technology company’s stock worth $4,066,000 after acquiring an additional 17,601 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 2.9 %

T opened at $22.28 on Tuesday. The firm’s fifty day moving average is $19.66 and its two-hundred day moving average is $18.22. The firm has a market cap of $159.72 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 3.68 and a beta of 0.59. AT&T Inc. has a twelve month low of $14.12 and a twelve month high of $22.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Royal Bank of Canada boosted their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Evercore ISI upped their price objective on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, July 25th. Barclays increased their price objective on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $22.31.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.