Camden National Bank Grows Position in AT&T Inc. (T)

Camden National Bank increased its holdings in AT&T Inc. (NYSE:T) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,393 shares of the technology company’s stock after purchasing an additional 5,165 shares during the quarter. AT&T accounts for 2.7% of Camden National Bank’s holdings, making the stock its 12th biggest position. Camden National Bank’s holdings in AT&T were worth $9,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in T. Eqis Capital Management Inc. raised its holdings in shares of AT&T by 14.7% during the second quarter. Eqis Capital Management Inc. now owns 86,915 shares of the technology company’s stock valued at $3,279,000 after acquiring an additional 11,107 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of AT&T by 2.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 62,852 shares of the technology company’s stock valued at $2,371,000 after acquiring an additional 1,800 shares during the period. Portfolio Solutions LLC raised its holdings in shares of AT&T by 329.1% during the second quarter. Portfolio Solutions LLC now owns 21,487 shares of the technology company’s stock valued at $811,000 after acquiring an additional 16,479 shares during the period. LVM Capital Management Ltd. MI raised its holdings in shares of AT&T by 1.6% during the second quarter. LVM Capital Management Ltd. MI now owns 375,509 shares of the technology company’s stock valued at $14,168,000 after acquiring an additional 5,972 shares during the period. Finally, Camarda Financial Advisors LLC raised its holdings in shares of AT&T by 2.7% during the second quarter. Camarda Financial Advisors LLC now owns 11,940 shares of the technology company’s stock valued at $450,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 55.49% of the company’s stock.

AT&T Inc. (NYSE T) opened at $35.57 on Friday. The firm has a market cap of $218,360.00, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. equities research analysts expect that AT&T Inc. will post 3.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.62%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, January 9th. AT&T’s payout ratio is currently 41.67%.

T has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $51.00 price target on shares of AT&T in a report on Friday, November 10th. Citigroup boosted their price target on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. Standpoint Research initiated coverage on shares of AT&T in a report on Wednesday, November 8th. They set a “buy” rating and a $40.00 price target on the stock. Nomura cut their price target on shares of AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Finally, Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price target on the stock. in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.94.

In other AT&T news, Director Richard W. Fisher bought 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, with a total value of $99,060.00. Following the completion of the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the sale, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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