Yousif Capital Management LLC Has $24.97 Million Stock Position in AT&T Inc. (NYSE:T)

Yousif Capital Management LLC lowered its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,586 shares of the technology company's stock after selling 19,176 shares during the quarter. Yousif Capital Management LLC's holdings in AT&T were worth $24,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the fourth quarter worth approximately $34,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T during the third quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Finally, Scotiabank lifted their target price on AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.21.

AT&T Stock Up 0.9 %

AT&T stock traded up $0.23 during midday trading on Wednesday, reaching $24.48. The company's stock had a trading volume of 29,485,074 shares, compared to its average volume of 39,527,582. 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 52-week low of $15.94 and a 52-week high of $24.98. The stock has a market capitalization of $175.63 billion, a P/E ratio of 16.43, a PEG ratio of 2.71 and a beta of 0.59. The stock's 50-day simple moving average is $22.97 and its 200-day simple moving average is $21.73.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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, sell-side analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.53%. AT&T's dividend payout ratio is currently 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.