Insigneo Advisory Services LLC Sells 10,305 Shares of AT&T Inc. (NYSE:T)

Insigneo Advisory Services LLC lessened its position in AT&T Inc. (NYSE:T - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,301 shares of the technology company's stock after selling 10,305 shares during the quarter. Insigneo Advisory Services LLC's holdings in AT&T were worth $1,578,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of T. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC increased its holdings 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 worth $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T in the 4th quarter valued at about $35,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T traded up $0.10 during mid-day trading on Friday, reaching $27.12. The company had a trading volume of 24,758,386 shares, compared to its average volume of 36,700,813. The company has a market capitalization of $194.67 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company's 50 day simple moving average is $26.84 and its 200 day simple moving average is $24.14. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03.

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 the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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 $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. AT&T's dividend payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on T shares. Scotiabank boosted their price target on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, April 8th. Oppenheimer increased their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Finally, StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a research note on Thursday. 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 issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average price target of $27.24.

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.