Boston Trust Walden Corp Has $324,000 Holdings in AT&T Inc. (NYSE:T)

Boston Trust Walden Corp trimmed its position in shares of AT&T Inc. (NYSE:T) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,939 shares of the technology company’s stock after selling 2,400 shares during the period. Boston Trust Walden Corp’s holdings in AT&T were worth $324,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new stake in AT&T during the fourth quarter valued at $25,000. Pineridge Advisors LLC acquired a new position in AT&T during the fourth quarter worth $25,000. First Pacific Financial raised its holdings in AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of AT&T by 176.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,192 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in AT&T during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. TD Cowen raised their price objective 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, Royal Bank of Canada lifted their price target 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Price Performance

Shares of T stock opened at $19.34 on Monday. AT&T Inc. has a 52 week low of $13.92 and a 52 week high of $19.99. The stock has a market capitalization of $138.67 billion, a PE ratio of 10.40, a PEG ratio of 3.31 and a beta of 0.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The stock’s fifty day moving average is $18.78 and its 200-day moving average is $17.73.

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 analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue was down .3% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio is 59.68%.

About AT&T

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.