Park National Corp OH Buys 62,433 Shares of AT&T Inc. (NYSE:T)

Park National Corp OH boosted its stake in AT&T Inc. (NYSE:T) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,033,656 shares of the technology company’s stock after purchasing an additional 62,433 shares during the period. AT&T makes up approximately 1.5% of Park National Corp OH’s holdings, making the stock its 16th largest position. Park National Corp OH’s holdings in AT&T were worth $29,470,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Command Bank lifted its stake in shares of AT&T by 94.7% during the 2nd quarter. First Command Bank now owns 136,968 shares of the technology company’s stock valued at $4,141,000 after buying an additional 66,629 shares in the last quarter. AXA increased its holdings in AT&T by 27.9% in the 1st quarter. AXA now owns 3,527,087 shares of the technology company’s stock valued at $102,814,000 after acquiring an additional 770,426 shares during the last quarter. Kwmg LLC increased its holdings in AT&T by 6.9% in the 2nd quarter. Kwmg LLC now owns 83,935 shares of the technology company’s stock valued at $2,537,000 after acquiring an additional 5,439 shares during the last quarter. City Holding Co. increased its holdings in AT&T by 3.3% in the 2nd quarter. City Holding Co. now owns 154,335 shares of the technology company’s stock valued at $4,664,000 after acquiring an additional 4,975 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in AT&T in the 2nd quarter valued at $2,082,000. Institutional investors and hedge funds own 52.29% of the company’s stock.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was purchased at an average price of $29.69 per share, with a total value of $2,969,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by insiders.

T has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of AT&T from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Bank of America restated a “buy” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, July 24th. Deutsche Bank reduced their target price on shares of AT&T from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Oppenheimer reduced their target price on shares of AT&T from $47.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Finally, Royal Bank of Canada boosted their target price on shares of AT&T from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.00.

AT&T stock traded down $0.02 during trading hours on Thursday, hitting $28.49. The company had a trading volume of 28,613,731 shares, compared to its average volume of 39,177,566. The firm has a market cap of $202.99 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.64 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 1 year low of $26.08 and a 1 year high of $39.70. The company has a 50-day moving average price of $29.34 and a two-hundred day moving average price of $29.94.

AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. The company had revenue of $40.95 billion during the quarter, compared to analysts’ expectations of $40.87 billion. AT&T had a net margin of 6.84% and a return on equity of 13.03%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 3.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.08 annualized dividend and a yield of 7.30%. AT&T’s dividend payout ratio (DPR) is 58.26%.

AT&T Company Profile

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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