AT&T Inc. (NYSE:T) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC decreased its stake in AT&T Inc. (NYSE:T - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,251 shares of the technology company's stock after selling 22,468 shares during the quarter. AT&T makes up 1.3% of Jackson Square Capital LLC's holdings, making the stock its 21st biggest position. Jackson Square Capital LLC's holdings in AT&T were worth $5,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of T. Krilogy Financial LLC raised its stake in AT&T by 3.1% in the 4th quarter. Krilogy Financial LLC now owns 46,615 shares of the technology company's stock valued at $1,061,000 after purchasing an additional 1,421 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of AT&T by 2.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 125,521 shares of the technology company's stock valued at $2,858,000 after buying an additional 3,133 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of AT&T by 2.2% in the fourth quarter. HB Wealth Management LLC now owns 963,156 shares of the technology company's stock worth $21,931,000 after buying an additional 20,768 shares in the last quarter. Financial & Tax Architects LLC acquired a new position in AT&T during the fourth quarter worth about $6,141,000. Finally, Trust Co. of Vermont grew its stake in AT&T by 2.3% during the 4th quarter. Trust Co. of Vermont now owns 108,903 shares of the technology company's stock valued at $2,480,000 after acquiring an additional 2,431 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.2 %

NYSE T traded up $0.28 during trading on Friday, reaching $22.30. 33,632,584 shares of the company's stock were exchanged, compared to its average volume of 28,784,102. The company has a 50 day moving average price of $22.79 and a two-hundred day moving average price of $21.33. The stock has a market cap of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. 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 (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's payout ratio is currently 90.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Tigress Financial increased their price target on shares of AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada raised shares of AT&T from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $22.00 to $26.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.83.

About AT&T

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.