Professional Advisory Services Inc. Decreases Position in AT&T Inc. (NYSE:T)

Professional Advisory Services Inc. decreased its position in AT&T Inc. (NYSE:T - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 969,873 shares of the technology company's stock after selling 45,201 shares during the quarter. AT&T makes up 3.0% of Professional Advisory Services Inc.'s portfolio, making the stock its 11th biggest holding. Professional Advisory Services Inc.'s holdings in AT&T were worth $22,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of T. Davidson Kempner Capital Management LP bought a new position in AT&T in the 2nd quarter worth $23,888,000. International Assets Investment Management LLC purchased a new stake in AT&T in the fourth quarter worth about $14,700,000. Swiss National Bank raised its stake in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after buying an additional 104,700 shares during the period. Franklin Resources Inc. lifted its position in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after acquiring an additional 30,281 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

T has been the topic of a number of analyst reports. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price on the stock. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Hsbc Global Res raised AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Finally, New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.83.

AT&T Trading Up 1.2 %

Shares of NYSE:T traded up $0.28 on Friday, hitting $22.30. 33,632,584 shares of the company's stock were exchanged, compared to its average volume of 28,784,102. The business's 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $21.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Analysts anticipate that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

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

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.