Blair William & Co. IL lessened its position in AT&T Inc. (NYSE:T - Free Report) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 377,954 shares of the technology company's stock after selling 21,757 shares during the period. Blair William & Co. IL's holdings in AT&T were worth $8,606,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its position 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 buying an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter worth $34,000. Institutional investors own 57.10% of the company's stock.
AT&T Price Performance
T traded up $0.15 during trading on Monday, reaching $28.33. 50,147,997 shares of the company were exchanged, compared to its average volume of 36,244,778. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.55. The company's 50-day moving average is $25.70 and its two-hundred day moving average is $23.54. 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 company has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a P/E/G 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is 74.50%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Sanford C. Bernstein upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Citigroup lifted their target price on shares of AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Read Our Latest Stock Report on AT&T
About AT&T
(
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.
Read More
Before you consider AT&T, you'll want to hear this.
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&T wasn't on the list.
While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
