AT&T Inc. (NYSE:T) Shares Sold by Invesco LLC

Invesco LLC lowered its holdings in shares of AT&T Inc. (NYSE:T) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,265 shares of the technology company’s stock after selling 966 shares during the period. Invesco LLC’s holdings in AT&T were worth $323,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in AT&T by 1.2% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after buying an additional 547 shares in the last quarter. SMH Capital Advisors Inc. lifted its position in shares of AT&T by 1.8% in the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after acquiring an additional 565 shares in the last quarter. Kahn Brothers Group Inc. boosted its stake in shares of AT&T by 3.4% in the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after acquiring an additional 575 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, JB Capital LLC raised its stake in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after purchasing an additional 614 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on T. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Trading Down 0.4 %

Shares of T stock opened at $16.25 on Tuesday. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.92. The firm has a market cap of $116.20 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a 50-day moving average of $17.07 and a two-hundred day moving average of $16.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.83%. AT&T’s payout ratio is presently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.