AT&T Inc. (NYSE:T) Stake Trimmed by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its holdings in shares of AT&T Inc. (NYSE:T) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 17,526 shares of the technology company’s stock after selling 564 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in AT&T were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Freestone Capital Holdings LLC grew its stake in AT&T by 1.6% during the 4th quarter. Freestone Capital Holdings LLC now owns 148,538 shares of the technology company’s stock valued at $3,382,000 after acquiring an additional 2,373 shares in the last quarter. Opulen Financial Group LLC purchased a new position in AT&T during the 4th quarter valued at about $214,000. Lindbrook Capital LLC grew its stake in AT&T by 1.8% during the 4th quarter. Lindbrook Capital LLC now owns 38,882 shares of the technology company’s stock valued at $885,000 after acquiring an additional 700 shares in the last quarter. LHM Inc. grew its stake in AT&T by 5.6% during the 4th quarter. LHM Inc. now owns 253,492 shares of the technology company’s stock valued at $5,772,000 after acquiring an additional 13,542 shares in the last quarter. Finally, Vision Financial Markets LLC purchased a new position in AT&T during the 4th quarter valued at about $674,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their price target on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. 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 report on Wednesday, January 29th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Up 1.6 %

Shares of T stock opened at $27.15 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The firm has a market cap of $194.85 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock has a 50 day moving average of $24.30 and a 200-day moving average of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

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.