AT&T Inc. (NYSE:T) Position Lowered by Capital Analysts LLC

Capital Analysts LLC decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,583 shares of the technology company's stock after selling 15,932 shares during the period. Capital Analysts LLC's holdings in AT&T were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. 1620 Investment Advisors Inc. increased its holdings in shares of AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Whittier Trust Co. increased its stake in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after purchasing an additional 433 shares in the last quarter. Wealthstream Advisors Inc. lifted its stake in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after buying an additional 444 shares in the last quarter. Finally, Northeast Investment Management boosted its holdings in shares of AT&T by 0.9% in the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on T shares. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research report on Thursday, February 13th. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, Scotiabank increased their price objective on AT&T from $29.00 to $29.50 and gave the stock a "sector outperform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.62.

AT&T Price Performance

AT&T stock opened at $26.80 on Monday. The stock has a fifty day moving average of $26.96 and a 200-day moving average of $24.35. The stock has a market capitalization of $192.38 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52 week low of $16.73 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

AT&T Company Profile

AT&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.

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