Gamco Investors INC. ET AL Sells 25,785 Shares of AT&T Inc. (NYSE:T)

Gamco Investors INC. ET AL cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 764,509 shares of the technology company's stock after selling 25,785 shares during the quarter. Gamco Investors INC. ET AL's holdings in AT&T were worth $17,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Investment Management LLC bought a new stake in shares of AT&T in the fourth quarter worth about $28,000. Tradewinds Capital Management LLC lifted its holdings in 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 buying an additional 430 shares during the period. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T during the fourth quarter valued at approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

AT&T stock traded up $0.10 during midday trading on Friday, hitting $27.12. The stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,664,188. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $16.17 and a 52-week high of $29.03. The company has a market capitalization of $194.67 billion, a PE ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The firm's fifty day moving average is $26.84 and its two-hundred day moving average is $24.15.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. On average, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed 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 4.09%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on T shares. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. StockNews.com downgraded AT&T from a "buy" rating to a "hold" rating in a report on Thursday. Finally, BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.24.

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.