AT&T Inc. (NYSE:T) Holdings Lowered by Stephens Inc. AR

Stephens Inc. AR cut its stake in AT&T Inc. (NYSE:T) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,994 shares of the technology company’s stock after selling 25,151 shares during the period. Stephens Inc. AR’s holdings in AT&T were worth $11,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in T. Quotient Wealth Partners LLC raised its position in AT&T by 3.0% in the fourth quarter. Quotient Wealth Partners LLC now owns 44,438 shares of the technology company’s stock worth $1,012,000 after acquiring an additional 1,289 shares in the last quarter. Northeast Investment Management grew its stake in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares during the last quarter. RFP Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $205,000. Richard C. Young & CO. LTD. lifted its stake in AT&T by 1.0% during the fourth quarter. Richard C. Young & CO. LTD. now owns 844,411 shares of the technology company’s stock valued at $19,227,000 after purchasing an additional 8,607 shares during the last quarter. Finally, AlphaStar Capital Management LLC boosted its holdings in AT&T by 50.1% during the fourth quarter. AlphaStar Capital Management LLC now owns 86,748 shares of the technology company’s stock worth $1,975,000 after buying an additional 28,973 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.4 %

T opened at $24.56 on Monday. The company has a market capitalization of $176.19 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. 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 fifty-two week low of $15.94 and a fifty-two week high of $24.98. The business has a 50-day moving average of $23.04 and a 200-day moving average of $21.84.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.21.

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.