Securian Asset Management Inc. decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,641 shares of the technology company's stock after selling 10,933 shares during the period. Securian Asset Management Inc.'s holdings in AT&T were worth $8,781,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of T. Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. Wealthstream Advisors Inc. grew its stake in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Northeast Investment Management grew its stake in AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 451 shares in the last quarter. Chesapeake Wealth Management grew its stake in AT&T by 1.9% during the third quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company's stock valued at $535,000 after acquiring an additional 460 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. grew its stake in AT&T by 2.8% during the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company's stock valued at $385,000 after acquiring an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Trading Down 4.6 %
NYSE:T opened at $26.02 on Wednesday. The company has a fifty day moving average of $24.46 and a 200 day moving average of $22.94. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. 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 market capitalization of $186.74 billion, a P/E ratio of 17.46, a P/E/G ratio of 3.00 and a beta of 0.56.
AT&T (NYSE:T - Get Free Report) last posted its quarterly 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%. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's payout ratio is currently 74.50%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Scotiabank boosted their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average target price of $26.74.
View Our Latest Research Report on AT&T
About AT&T
(
Free Report)
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.
See Also
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