Marble Harbor Investment Counsel LLC Has $1.61 Million Holdings in AT&T Inc. (NYSE:T)

Marble Harbor Investment Counsel LLC decreased its position in AT&T Inc. (NYSE:T) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,444 shares of the technology company’s stock after selling 2,714 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in AT&T were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. TCI Wealth Advisors Inc. raised its position in shares of AT&T by 0.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 62,943 shares of the technology company’s stock valued at $1,796,000 after acquiring an additional 330 shares in the last quarter. Legacy Advisors LLC raised its position in shares of AT&T by 1.7% during the 4th quarter. Legacy Advisors LLC now owns 21,287 shares of the technology company’s stock valued at $608,000 after acquiring an additional 363 shares in the last quarter. CNB Bank raised its position in shares of AT&T by 2.8% during the 4th quarter. CNB Bank now owns 13,628 shares of the technology company’s stock valued at $389,000 after acquiring an additional 366 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its position in shares of AT&T by 0.7% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 61,929 shares of the technology company’s stock valued at $1,767,000 after acquiring an additional 429 shares in the last quarter. Finally, Shelton Capital Management raised its position in shares of AT&T by 0.3% during the 4th quarter. Shelton Capital Management now owns 137,513 shares of the technology company’s stock valued at $3,925,000 after acquiring an additional 456 shares in the last quarter. 52.91% of the stock is owned by hedge funds and other institutional investors.

T stock traded up $0.53 during trading hours on Friday, hitting $33.51. 39,528,964 shares of the stock traded hands, compared to its average volume of 30,151,230. The firm has a 50-day moving average of $31.94. AT&T Inc. has a one year low of $26.80 and a one year high of $34.30. The firm has a market capitalization of $237.41 billion, a P/E ratio of 9.52, a P/E/G ratio of 2.03 and a beta of 0.55. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The business had revenue of $44.83 billion during the quarter, compared to analyst estimates of $45.20 billion. During the same quarter last year, the company posted $0.85 EPS. AT&T’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post 3.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.09%. AT&T’s dividend payout ratio (DPR) is 57.95%.

T has been the topic of several research reports. Desjardins reissued an “average” rating and set a $56.50 price target on shares of AT&T in a research report on Friday, April 5th. Bank of America reaffirmed a “buy” rating and issued a $37.00 target price on shares of AT&T in a research report on Monday. ValuEngine raised AT&T from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average target price of $36.31.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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