Guggenheim Capital LLC lessened its holdings in AT&T Inc. (NYSE:T - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 863,792 shares of the technology company's stock after selling 136,952 shares during the quarter. Guggenheim Capital LLC's holdings in AT&T were worth $19,669,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in T. Rossby Financial LCC acquired a new position in shares of AT&T during the 4th quarter worth approximately $644,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of AT&T in the fourth quarter valued at about $4,339,000. LaSalle St. Investment Advisors LLC raised its stake in AT&T by 24.0% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 42,647 shares of the technology company's stock worth $971,000 after purchasing an additional 8,257 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in AT&T by 10.6% in the 4th quarter. Belpointe Asset Management LLC now owns 151,806 shares of the technology company's stock valued at $3,457,000 after buying an additional 14,551 shares during the period. Finally, Mariner LLC lifted its holdings in shares of AT&T by 3.8% during the 4th quarter. Mariner LLC now owns 4,754,319 shares of the technology company's stock worth $108,233,000 after acquiring an additional 175,391 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on T shares. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Monday, April 7th. StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.
Check Out Our Latest Stock Report on T
AT&T Stock Performance
Shares of T stock traded up $0.10 during trading on Friday, hitting $27.12. The company's stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,700,813. The business has a fifty day moving average of $26.84 and a 200-day moving average of $24.14. The company has a market cap of $194.67 billion, a PE ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $16.17 and a 52 week 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.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T's dividend payout ratio is currently 74.50%.
AT&T Company 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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