HF Advisory Group LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

HF Advisory Group LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,584 shares of the technology company’s stock after selling 9,178 shares during the quarter. HF Advisory Group LLC’s holdings in AT&T were worth $2,040,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in T. Aaron Wealth Advisors LLC increased its position in AT&T by 14.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 41,502 shares of the technology company’s stock valued at $945,000 after acquiring an additional 5,224 shares during the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in AT&T in the fourth quarter worth about $332,000. Moss Adams Wealth Advisors LLC grew its stake in shares of AT&T by 12.3% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 16,991 shares of the technology company’s stock valued at $387,000 after purchasing an additional 1,864 shares during the period. Veery Capital LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $214,000. Finally, Krilogy Financial LLC lifted its stake in shares of AT&T by 3.1% in the 4th quarter. Krilogy Financial LLC now owns 46,615 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 1,421 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on T. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Wells Fargo & Company cut their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Barclays raised their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Price Performance

Shares of AT&T stock opened at $22.30 on Friday. The firm has a market cap of $159.97 billion, a PE ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The stock has a 50 day moving average of $22.79 and a 200 day moving average of $21.31. 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 posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

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.