CSM Advisors LLC Decreases Stake in AT&T Inc. (NYSE:T)

CSM Advisors LLC cut its holdings in AT&T Inc. (NYSE:T - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 359,239 shares of the technology company's stock after selling 21,449 shares during the period. CSM Advisors LLC's holdings in AT&T were worth $8,184,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in T. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $28,000. Tradewinds Capital Management LLC increased its stake 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 valued at $30,000 after acquiring an additional 430 shares during the period. YANKCOM Partnership acquired a new position in AT&T in the 4th quarter valued at approximately $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 2.7 %

NYSE:T traded down $0.73 on Friday, hitting $26.80. The stock had a trading volume of 37,042,995 shares, compared to its average volume of 36,510,935. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $16.39 and a 52 week high of $29.03. The business's fifty day moving average is $26.95 and its 200 day moving average is $24.28. The company has a market cap of $192.38 billion, a PE ratio of 17.99, a P/E/G ratio of 3.00 and a beta of 0.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced 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 presently 68.10%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on T shares. Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. Finally, Scotiabank raised their target price on AT&T from $29.00 to $29.50 and gave the stock a "sector outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.62.

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.