Trade Report: The Peoples Financial Services CORP. reaches $3,019,000 position of AT&T Inc. (T)

The Peoples Financial Services CORP. reaches $3,019,000 position  of AT&T Inc. (T)

Peoples Financial Services CORP. lowered its stake in shares of AT&T Inc. (NYSE:T) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 69,891 shares of the company’s stock after selling 1,650 shares during the period. AT&T comprises approximately 1.9% of Peoples Financial Services CORP.’s portfolio, making the stock its 14th largest position. Peoples Financial Services CORP.’s holdings in AT&T were worth $3,019,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invictus RG increased its position in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in shares of AT&T by 61.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 4,398 shares of the company’s stock worth $172,000 after buying an additional 1,666 shares during the last quarter. Continental Advisors LLC acquired a new position in shares of AT&T during the first quarter worth approximately $200,000. Kelman Lazarov Inc. increased its position in shares of AT&T by 29.3% in the second quarter. Kelman Lazarov Inc. now owns 5,346 shares of the company’s stock worth $232,000 after buying an additional 1,211 shares during the last quarter. Finally, Gateway Advisory LLC acquired a new position in shares of AT&T during the first quarter worth approximately $239,000. 53.64% of the stock is owned by institutional investors and hedge funds.

Shares of AT&T Inc. (NYSE:T) traded up 0.59% on Wednesday, hitting $39.33. 17,179,729 shares of the company traded hands. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The stock’s 50-day moving average price is $40.47 and its 200-day moving average price is $40.52. The company has a market capitalization of $241.96 billion, a PE ratio of 16.96 and a beta of 0.30.

AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. On average, equities analysts predict that AT&T Inc. will post $2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is presently 83.12%.

T has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, July 5th. Jefferies Group reissued a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. S&P Equity Research set a $46.00 price objective on shares of AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a research report on Monday, July 25th. Finally, Citigroup Inc. lowered shares of AT&T from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average target price of $41.89.

In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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