Sunflower Bank N.A. Acquires 1,594 Shares of AT&T Inc. (NYSE:T)

Sunflower Bank N.A. increased its stake in AT&T Inc. (NYSE:T) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,449 shares of the technology company’s stock after acquiring an additional 1,594 shares during the quarter. Sunflower Bank N.A.’s holdings in AT&T were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of T. Elevated Capital Advisors LLC raised its position in shares of AT&T by 1.5% during the fourth quarter. Elevated Capital Advisors LLC now owns 50,470 shares of the technology company’s stock worth $1,149,000 after purchasing an additional 760 shares during the period. Bar Harbor Wealth Management lifted its stake in shares of AT&T by 3.1% in the fourth quarter. Bar Harbor Wealth Management now owns 32,841 shares of the technology company’s stock valued at $748,000 after buying an additional 1,001 shares in the last quarter. Persium Advisors LLC bought a new stake in shares of AT&T during the fourth quarter worth about $874,000. Cooper Financial Group lifted its position in AT&T by 14.5% in the 4th quarter. Cooper Financial Group now owns 22,223 shares of the technology company’s stock valued at $506,000 after acquiring an additional 2,813 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in AT&T by 68.1% during the 4th quarter. Wedmont Private Capital now owns 114,220 shares of the technology company’s stock worth $2,477,000 after purchasing an additional 46,271 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 0.6 %

T traded down $0.13 on Monday, hitting $21.56. 29,815,102 shares of the company were exchanged, compared to its average volume of 33,206,676. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $21.24. The stock has a market capitalization of $154.70 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analysts Set New Price Targets

Several equities research analysts have commented on T shares. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $22.00 to $26.00 in a research note on Monday, January 6th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. 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 report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $25.76.

AT&T 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.