Koshinski Asset Management Inc. Has $1.95 Million Stock Holdings in AT&T Inc. (NYSE:T)

Koshinski Asset Management Inc. lowered its stake in AT&T Inc. (NYSE:T) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,731 shares of the technology company’s stock after selling 2,356 shares during the quarter. Koshinski Asset Management Inc.’s holdings in AT&T were worth $1,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in AT&T by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock valued at $414,563,000 after purchasing an additional 6,602,586 shares during the last quarter. Geode Capital Management LLC raised its stake in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after buying an additional 3,630,972 shares during the period. Public Sector Pension Investment Board lifted its position in shares of AT&T by 1,901.0% in the second quarter. Public Sector Pension Investment Board now owns 3,166,814 shares of the technology company’s stock valued at $60,518,000 after buying an additional 3,008,549 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the period. Finally, National Pension Service increased its holdings in shares of AT&T by 15.8% during the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company’s stock worth $346,934,000 after acquiring an additional 2,152,016 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

Shares of AT&T stock opened at $22.30 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.73 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. The company has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.50 and a beta of 0.59. The firm’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $21.35.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on T. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. 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 research note on Wednesday, December 4th. Tigress Financial lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Sanford C. Bernstein initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Company 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.