Stifel Financial Corp trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,862,983 shares of the technology company's stock after selling 24,244 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of AT&T worth $87,960,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. lifted 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 purchasing an additional 421 shares in the last quarter. Tradewinds Capital Management LLC increased its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the last quarter. Whittier Trust Co. lifted its holdings in AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after purchasing an additional 433 shares during the last quarter. Wealthstream Advisors Inc. raised its holdings in AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares during the period. Finally, Northeast Investment Management lifted its holdings in shares of AT&T by 0.9% during 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 in the last quarter. 57.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on T shares. Williams Trading set a $30.00 price objective on 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 target for the company in a report on Thursday, February 13th. Scotiabank lifted their price objective on shares of AT&T from $29.00 to $29.50 and gave the company a "sector outperform" rating in a research note on Thursday. Morgan Stanley restated an "overweight" rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a research note on Thursday. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $28.62.
View Our Latest Stock Analysis on AT&T
AT&T Stock Down 2.7 %
AT&T stock traded down $0.73 during mid-day trading on Friday, hitting $26.80. The company had a trading volume of 37,042,995 shares, compared to its average volume of 36,551,441. AT&T Inc. has a 12 month low of $16.39 and a 12 month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock's 50 day moving average price is $26.95 and its two-hundred day moving average price is $24.28. The company has a market capitalization of $192.38 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is currently 68.10%.
AT&T Profile
(
Free Report)
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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