AT&T Inc. (NYSE:T) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,646 shares of the technology company's stock after selling 10,859 shares during the period. Main Street Financial Solutions LLC's holdings in AT&T were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in AT&T by 1.1% in the 3rd quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock valued at $23,178,000 after buying an additional 11,895 shares in the last quarter. Passumpsic Savings Bank boosted its holdings in AT&T by 12.2% in the 3rd quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock valued at $382,000 after purchasing an additional 1,893 shares during the last quarter. Sculati Wealth Management LLC increased its holdings in shares of AT&T by 38.9% during the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock worth $1,003,000 after buying an additional 12,772 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of AT&T by 6.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock valued at $2,848,000 after buying an additional 7,394 shares during the period. Finally, World Investment Advisors LLC increased its stake in AT&T by 28.4% during the third quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after acquiring an additional 38,548 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T traded up $0.10 during midday trading on Friday, reaching $27.12. 24,758,386 shares of the company were exchanged, compared to its average volume of 36,700,813. The stock has a fifty day simple moving average of $26.84 and a 200 day simple moving average of $24.14. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market cap of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. 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 issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date 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 currently 74.50%.

Analysts Set New Price Targets

Several brokerages have weighed in on T. Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.