Gilman Hill Asset Management LLC Has $425,000 Stock Holdings in AT&T Inc. (NYSE:T)

Gilman Hill Asset Management LLC trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,678 shares of the technology company's stock after selling 24,032 shares during the period. Gilman Hill Asset Management LLC's holdings in AT&T were worth $425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of AT&T by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after purchasing an additional 3,630,972 shares in the last quarter. FMR LLC lifted its stake in AT&T by 1.9% in the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock valued at $1,341,693,000 after buying an additional 1,149,688 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of AT&T by 2.7% in the second quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock valued at $1,148,689,000 after buying an additional 1,569,374 shares during the period. Ameriprise Financial Inc. increased its position in shares of AT&T by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock worth $985,307,000 after acquiring an additional 1,007,228 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of AT&T by 43.3% during the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock worth $414,563,000 after acquiring an additional 6,602,586 shares during the period. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Tigress Financial upped their price objective on AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada raised AT&T from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Finally, Barclays boosted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $25.83.

AT&T Stock Performance

T traded up $0.20 on Tuesday, reaching $22.49. The company had a trading volume of 36,772,560 shares, compared to its average volume of 34,394,992. The stock has a market cap of $161.40 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The company's fifty day moving average is $22.79 and its 200 day moving average is $21.37.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.93%. AT&T's payout ratio is presently 90.24%.

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.