Groupama Asset Managment Has $6.72 Million Holdings in AT&T Inc. (NYSE:T)

Groupama Asset Managment lowered its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,323 shares of the technology company's stock after selling 81,032 shares during the period. Groupama Asset Managment's holdings in AT&T were worth $6,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter worth about $34,000. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on T. Citigroup boosted their price target on shares of AT&T from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Monday. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Scotiabank raised their price target on AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada increased their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.21.

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AT&T Trading Down 1.2 %

NYSE T traded down $0.35 on Wednesday, reaching $28.13. The company had a trading volume of 41,502,659 shares, compared to its average volume of 36,297,817. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.61. The stock's 50 day moving average is $26.06 and its 200-day moving average is $23.67. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $201.92 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.

AT&T 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.