AT&T Inc. (NYSE:T) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI cut its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 52.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,424 shares of the technology company's stock after selling 33,241 shares during the period. LVM Capital Management Ltd. MI's holdings in AT&T were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. lifted its position in shares of AT&T by 7.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 22,573 shares of the technology company's stock valued at $514,000 after buying an additional 1,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in AT&T by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,600,080 shares of the technology company's stock valued at $35,202,000 after buying an additional 7,048 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in AT&T during the fourth quarter worth about $14,700,000. Park National Corp OH lifted its holdings in AT&T by 1.1% in the fourth quarter. Park National Corp OH now owns 62,854 shares of the technology company's stock valued at $1,431,000 after acquiring an additional 677 shares during the last quarter. Finally, Peoples Bank KS grew its holdings in shares of AT&T by 5.1% during the 4th quarter. Peoples Bank KS now owns 30,238 shares of the technology company's stock worth $688,000 after purchasing an additional 1,475 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on T. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Wells Fargo & Company dropped their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Finally, Tigress Financial boosted their price objective on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $25.76.

AT&T Stock Down 2.2 %

Shares of NYSE:T traded down $0.49 on Friday, hitting $21.69. 41,528,286 shares of the company's stock were exchanged, compared to its average volume of 33,765,293. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a market capitalization of $155.63 billion, a PE ratio of 17.63, a P/E/G ratio of 3.60 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. The firm's 50-day moving average is $22.81 and its 200 day moving average is $21.20.

AT&T (NYSE:T - Get Free Report) last announced its quarterly 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 analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The company 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 dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's dividend payout ratio (DPR) is currently 90.24%.

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.