AT&T Inc. (NYSE:T) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,079,671 shares of the technology company's stock after selling 3,973,290 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.36% of AT&T worth $593,835,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Alta Advisers Ltd lifted its position in shares of AT&T by 10.8% during the 4th quarter. Alta Advisers Ltd now owns 23,597 shares of the technology company's stock worth $537,000 after purchasing an additional 2,297 shares during the last quarter. Fayez Sarofim & Co boosted its position in shares of AT&T by 52.1% during the 4th quarter. Fayez Sarofim & Co now owns 36,221 shares of the technology company's stock worth $825,000 after acquiring an additional 12,409 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of AT&T in the 4th quarter valued at about $638,000. Senator Investment Group LP raised its position in shares of AT&T by 0.5% during the 4th quarter. Senator Investment Group LP now owns 2,765,000 shares of the technology company's stock worth $62,959,000 after acquiring an additional 15,000 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in AT&T by 1.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 2,744,039 shares of the technology company's stock worth $62,482,000 after purchasing an additional 29,565 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. Evercore ISI raised their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Finally, TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.62.

AT&T Trading Down 2.7 %

Shares of T traded down $0.73 during mid-day trading on Friday, reaching $26.80. The company had a trading volume of 37,042,995 shares, compared to its average volume of 36,505,396. The stock has a market cap of $192.38 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. 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 firm has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $24.33. AT&T Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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.