Rockefeller Capital Management L.P. Has $128.93 Million Stake in AT&T Inc. (NYSE:T)

Rockefeller Capital Management L.P. cut its holdings in AT&T Inc. (NYSE:T - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,662,674 shares of the technology company's stock after selling 1,731,333 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of AT&T worth $128,927,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter worth $28,000. Tradewinds Capital Management LLC lifted its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T in the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on T shares. Scotiabank boosted their price target on AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Tigress Financial increased their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.24.

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AT&T Trading Up 1.6 %

Shares of T traded up $0.43 during trading hours on Monday, reaching $27.22. The stock had a trading volume of 27,039,792 shares, compared to its average volume of 36,853,394. The company has a market cap of $195.39 billion, a P/E ratio of 18.27, a P/E/G ratio of 3.00 and a beta of 0.42. 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 firm has a 50-day moving average of $26.59 and a 200 day moving average of $23.99. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.08%. AT&T's payout ratio is presently 74.50%.

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.