Strategic Advisors LLC Has $1.70 Million Stock Position in AT&T Inc. (NYSE:T)

Strategic Advisors LLC lowered its holdings in AT&T Inc. (NYSE:T - Free Report) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,526 shares of the technology company's stock after selling 69,882 shares during the period. Strategic Advisors LLC's holdings in AT&T were worth $1,697,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $14,700,000. Swiss National Bank raised its holdings in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after acquiring an additional 104,700 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock worth $4,312,000 after acquiring an additional 30,281 shares in the last quarter. 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. Evercore ISI increased 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 report on Thursday, October 24th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price on the stock. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.33.

AT&T Stock Performance

Shares of T stock traded down $0.06 on Thursday, reaching $26.18. The stock had a trading volume of 32,739,723 shares, compared to its average volume of 37,834,594. 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's 50-day moving average is $23.38 and its two-hundred day moving average is $22.20. The firm has a market capitalization of $187.95 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.99 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.35.

AT&T (NYSE:T - Get Free Report) last announced 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 expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. AT&T's payout ratio is presently 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.