AT&T Inc. (NYSE:T) Position Cut by Slagle Financial LLC

Slagle Financial LLC cut its stake in AT&T Inc. (NYSE:T - Free Report) by 47.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,229 shares of the technology company's stock after selling 64,813 shares during the period. Slagle Financial LLC's holdings in AT&T were worth $1,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% in the 4th 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 during the last quarter. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter valued at $30,000. Finally, Endeavor Private Wealth Inc. purchased a new position in AT&T during the fourth quarter worth about $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.0 %

T traded down $0.00 during trading on Friday, hitting $28.20. The company had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51. 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 company has a market cap of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. The business has a 50-day moving average of $25.70 and a 200-day moving average of $23.53.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T's dividend payout ratio is presently 74.50%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Royal Bank of Canada lifted their price target on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.79.

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.