AT&T Inc. (NYSE:T) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee lowered its position in AT&T Inc. (NYSE:T) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 61,025 shares of the technology company’s stock after selling 1,325 shares during the period. Hall Laurie J Trustee’s holdings in AT&T were worth $1,389,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of T. Legacy Investment Solutions LLC acquired a new position in AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 3rd quarter worth approximately $35,000. Reston Wealth Management LLC purchased a new position in AT&T in the third quarter worth $35,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of AT&T in the 2nd quarter valued at about $30,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on T. UBS Group boosted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Sanford C. Bernstein assumed coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Wells Fargo & Company dropped their price target on 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 shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Trading Up 1.2 %

NYSE T opened at $22.30 on Monday. The company has a market cap of $159.97 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a 50-day moving average of $22.79 and a 200-day moving average of $21.33.

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

AT&T Announces Dividend

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