Sicart Associates LLC Has $2.71 Million Stake in AT&T Inc. (NYSE:T)

Sicart Associates LLC cut its stake in AT&T Inc. (NYSE:T - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,072 shares of the technology company's stock after selling 11,420 shares during the quarter. Sicart Associates LLC's holdings in AT&T were worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of T. Carnegie Investment Counsel grew its position in AT&T by 9.0% in the fourth quarter. Carnegie Investment Counsel now owns 12,025 shares of the technology company's stock worth $274,000 after acquiring an additional 989 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of AT&T by 31.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,078,118 shares of the technology company's stock valued at $47,319,000 after acquiring an additional 496,884 shares during the last quarter. IFS Advisors LLC raised its stake in shares of AT&T by 286.6% in the 4th quarter. IFS Advisors LLC now owns 3,329 shares of the technology company's stock valued at $76,000 after acquiring an additional 2,468 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in AT&T in the 4th quarter worth approximately $258,000. Finally, Smith Thornton Advisors LLC boosted its position in AT&T by 27.6% during the fourth quarter. Smith Thornton Advisors LLC now owns 67,557 shares of the technology company's stock worth $1,538,000 after purchasing an additional 14,604 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. Sanford C. Bernstein 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 objective on the stock. Royal Bank of Canada upgraded shares of AT&T from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Tigress Financial upped their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Finally, Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.83.

AT&T Price Performance

AT&T stock traded up $0.28 on Friday, reaching $22.30. The company's stock had a trading volume of 33,632,584 shares, compared to its average volume of 34,178,367. The business's fifty day moving average price is $22.79 and its 200 day moving average price is $21.29. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $159.97 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Equities analysts expect that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business 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 is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. AT&T's dividend payout ratio is currently 90.24%.

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.