American Research & Management Co. cut its stake in AT&T (NYSE:T) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,843 shares of the technology company’s stock after selling 2,284 shares during the quarter. American Research & Management Co.’s holdings in AT&T were worth $1,510,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of T. Financial Engines Advisors L.L.C. purchased a new stake in shares of AT&T in the 3rd quarter worth about $104,000. Delphi Private Advisors LLC grew its position in shares of AT&T by 416.0% in the 4th quarter. Delphi Private Advisors LLC now owns 4,278 shares of the technology company’s stock worth $166,000 after buying an additional 3,449 shares during the period. Legacy Advisors LLC purchased a new stake in shares of AT&T in the 3rd quarter worth about $165,000. Stevens First Principles Investment Advisors grew its position in shares of AT&T by 621.0% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 4,535 shares of the technology company’s stock worth $178,000 after buying an additional 3,906 shares during the period. Finally, KCS Wealth Advisory purchased a new stake in shares of AT&T in the 4th quarter worth about $201,000. Institutional investors and hedge funds own 56.12% of the company’s stock.
Several analysts recently commented on T shares. HSBC raised shares of AT&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.90 to $41.00 in a research report on Wednesday, March 28th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, March 5th. Macquarie reissued a “buy” rating and set a $40.00 price objective on shares of AT&T in a research report on Sunday, April 8th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.62 price objective on the stock in a research report on Thursday, February 8th. Finally, Deutsche Bank cut their price objective on shares of AT&T from $41.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. AT&T has an average rating of “Hold” and a consensus price target of $40.95.
Shares of AT&T opened at $31.93 on Friday, Marketbeat Ratings reports. AT&T has a twelve month low of $32.05 and a twelve month high of $32.23. The company has a market capitalization of $198.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.
AT&T (NYSE:T) last released its earnings results on Wednesday, April 25th. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). AT&T had a return on equity of 14.46% and a net margin of 19.25%. The firm had revenue of $38.04 billion for the quarter, compared to the consensus estimate of $39.36 billion. During the same quarter in the previous year, the business posted $0.74 EPS. AT&T’s revenue was down 3.4% on a year-over-year basis. analysts expect that AT&T will post 3.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend was Monday, April 9th. AT&T’s payout ratio is 65.57%.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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