AT&T Inc. (NYSE:T) Shares Sold by Sicart Associates LLC

Sicart Associates LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,072 shares of the technology company’s stock after selling 11,420 shares during the quarter. Sicart Associates LLC’s holdings in AT&T were worth $2,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT raised its stake in shares of AT&T by 1.9% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company’s stock worth $594,000 after buying an additional 570 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in AT&T by 6.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 130,635 shares of the technology company’s stock valued at $2,496,000 after purchasing an additional 7,981 shares in the last quarter. Blair William & Co. IL lifted its holdings in AT&T by 4.4% during the second quarter. Blair William & Co. IL now owns 406,190 shares of the technology company’s stock valued at $7,762,000 after purchasing an additional 17,001 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of AT&T in the second quarter valued at about $441,000. Finally, Carolinas Wealth Consulting LLC increased its stake in shares of AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 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 T stock opened at $22.02 on Friday. The company has a market cap of $157.96 billion, a P/E ratio of 17.90, a PEG ratio of 3.46 and a beta of 0.59. The firm has a fifty day moving average price of $22.79 and a 200 day moving average price of $21.28. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. Sell-side analysts predict that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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. Wells Fargo & Company reduced their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Sanford C. Bernstein started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

About AT&T

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.