Skba Capital Management LLC lessened its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 996,750 shares of the technology company's stock after selling 39,000 shares during the period. AT&T comprises 3.6% of Skba Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Skba Capital Management LLC's holdings in AT&T were worth $22,696,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of T. O Shaughnessy Asset Management LLC raised its position in AT&T by 30.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,828,239 shares of the technology company's stock valued at $41,629,000 after buying an additional 425,655 shares during the period. Bcwm LLC purchased a new position in AT&T during the 4th quarter valued at about $5,531,000. United Bank increased its holdings in shares of AT&T by 2.1% in the 4th quarter. United Bank now owns 43,511 shares of the technology company's stock valued at $991,000 after purchasing an additional 875 shares during the period. Physician Wealth Advisors Inc. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $161,000. Finally, CIBC Private Wealth Group LLC grew its position in AT&T by 14.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 274,643 shares of the technology company's stock valued at $6,092,000 after purchasing an additional 34,623 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Stock Performance
Shares of NYSE T traded up $0.21 during trading hours on Tuesday, hitting $28.49. 43,976,615 shares of the company's stock were exchanged, compared to its average volume of 36,275,507. The stock has a market capitalization of $204.47 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 3.00 and a beta of 0.56. The company's 50-day moving average price is $25.82 and its 200-day moving average price is $23.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.61.
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 for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.90%. AT&T's payout ratio is 74.50%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on T. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup lifted their price objective on AT&T from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $27.21.
Check Out Our Latest Analysis on T
AT&T Company Profile
(
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.
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