AT&T Inc. (NYSE:T) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. cut its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 867,036 shares of the technology company's stock after selling 34,529 shares during the period. AT&T makes up approximately 2.3% of KLCM Advisors Inc.'s holdings, making the stock its 7th biggest position. KLCM Advisors Inc.'s holdings in AT&T were worth $19,742,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new position in AT&T in the fourth quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new position in AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T traded down $0.06 during midday trading on Thursday, hitting $26.18. The company had a trading volume of 32,739,723 shares, compared to its average volume of 37,834,594. The firm has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $22.20. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.35. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $187.95 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.99 and a beta of 0.59.

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, topping 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%. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio is presently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price target 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. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Sanford C. Bernstein raised their target price on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.33.

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.