Sanctuary Advisors LLC Cuts Stock Holdings in AT&T Inc. (NYSE:T)

Sanctuary Advisors LLC decreased its position in AT&T Inc. (NYSE:T - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,016,423 shares of the technology company's stock after selling 84,520 shares during the quarter. Sanctuary Advisors LLC's holdings in AT&T were worth $24,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter worth $30,000. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter worth $34,000. Finally, Reston Wealth Management LLC acquired a new position in shares of AT&T in the third quarter worth $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price target for the company. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

AT&T Stock Performance

Shares of NYSE:T traded up $0.49 on Friday, reaching $26.64. The company's stock had a trading volume of 58,384,223 shares, compared to its average volume of 38,439,449. The stock's 50-day moving average is $23.50 and its two-hundred day moving average is $22.28. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $191.19 billion, a P/E ratio of 17.88, a PEG ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 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%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T's payout ratio is 74.50%.

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.