<div id="readability-page-1"><p>Central Pacific Bank Trust Division raised its position in  AT&amp;T Inc. (NYSE:T - Free Report) by 217.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,741 shares of the technology company's stock after buying an additional 12,830 shares during the period. Central Pacific Bank Trust Division's holdings in AT&amp;T were worth $542,000 as of its most recent filing with the SEC.</p><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>Other hedge funds have also recently bought and sold shares of the company. Capstone Wealth Management LLC bought a new position in  AT&amp;T in the 1st quarter valued at $201,000.  Wedmont Private Capital boosted its position in  AT&amp;T by 7.9% in the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock valued at $3,302,000 after buying an additional 9,027 shares during the last quarter.  Xponance Inc. boosted its position in  AT&amp;T by 10.2% in the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock valued at $31,389,000 after buying an additional 102,419 shares during the last quarter.  NBT Bank N A NY lifted its stake in shares of  AT&amp;T by 7.5% in the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock valued at $3,660,000 after purchasing an additional 8,989 shares during the period.  Finally, Park Edge Advisors LLC acquired a new position in shares of  AT&amp;T in the 1st quarter valued at $1,000,000. 57.10% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>T has been the topic of a number of analyst reports. Bank of America initiated coverage on AT&amp;T in a research note on Monday, July 7th. They issued a &#34;buy&#34; rating and a $32.00 price target on the stock. HSBC downgraded AT&amp;T from a &#34;buy&#34; rating to a &#34;hold&#34; rating and set a $30.00 price target on the stock. in a research note on Thursday, July 24th. The Goldman Sachs Group initiated coverage on AT&amp;T in a research note on Tuesday, September 2nd. They issued a &#34;buy&#34; rating and a $32.00 price target on the stock. JPMorgan Chase &amp; Co. increased their price target on AT&amp;T from $31.00 to $33.00 and gave the company an &#34;overweight&#34; rating in a research note on Thursday, July 24th. Finally, Scotiabank increased their price target on AT&amp;T from $29.50 to $30.00 and gave the company a &#34;sector outperform&#34; rating in a research note on Friday, July 11th. One research analyst  has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned  a Hold rating and one  has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $30.60.</p><ul><li>Forget QQQ: This ETF Marries the Magnificent 7 and Communications</li></ul><p><b>Read Our Latest Stock Analysis on AT&amp;T</b></p><h2>AT&amp;T Stock Performance</h2><p>Shares of AT&amp;T stock opened at $29.59 on Friday. The company has a market capitalization of $211.58 billion, a PE ratio of 16.81, a PEG ratio of 3.67 and a beta of 0.44. AT&amp;T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock's fifty day simple moving average is $28.31 and its 200 day simple moving average is $27.73. </p><ul><li>3 Big Dividend Hikes Hit the Market—1 Just Doubled Its Payout</li></ul><p>AT&amp;T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&amp;T had a return on equity of 13.36% and a net margin of 10.29%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS.  On average, research analysts predict that  AT&amp;T Inc. will post 2.14 EPS for the current year. </p><h2>AT&amp;T Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&amp;T's dividend payout ratio  is 63.07%. </p><h2>About AT&amp;T</h2> (Free Report)<p>AT&amp;T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than AT&amp;T</li><li>How to Plot Fibonacci Price Inflection Levels </li><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>Wall Street Quietly Bets Big on These Chinese Tech Giants</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Meta's $600B U.S. Investment: Bearish or Bullish for Shares? </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in AT&amp;T Right Now?</h2><p>Before you consider AT&amp;T, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&amp;T wasn't on the list.</p><p>While AT&amp;T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Central Pacific Bank Trust Division increased its stake in AT&T Inc. by 217.1% in Q2, acquiring 12,830 shares, bringing its total to 18,741 shares valued at $542,000. Other hedge funds also adjusted their positions in AT&T. Analysts have mixed ratings on the stock, with a consensus price target of $30.60. AT&T reported a quarterly EPS of $0.54, exceeding estimates, and announced a quarterly dividend of $0.2775 per share, yielding 3.8%.</p>

Central Pacific Bank Trust Division Purchases 12,830 Shares of AT&T Inc. $T