AT&T Inc. (NYSE:T) Stake Lessened by Cross Staff Investments Inc

Cross Staff Investments Inc decreased its holdings in AT&T Inc. (NYSE:T) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,533 shares of the technology company’s stock after selling 680 shares during the period. Cross Staff Investments Inc’s holdings in AT&T were worth $261,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares during the period. JB Capital LLC grew its position in shares of AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after acquiring an additional 614 shares in the last quarter. Schubert & Co boosted its position in AT&T by 2.0% during the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock valued at $486,000 after purchasing an additional 631 shares during the period. Roof Eidam Maycock Peralta LLC raised its stake in AT&T by 6.3% during the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 11,226 shares of the technology company’s stock valued at $169,000 after acquiring an additional 666 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its stake in AT&T by 4.5% during the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock valued at $270,000 after acquiring an additional 678 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.4 %

T stock traded up $0.23 during midday trading on Friday, hitting $16.81. The company’s stock had a trading volume of 22,905,701 shares, compared to its average volume of 39,222,012. The company has a market cap of $120.24 billion, a PE ratio of 9.05, a P/E/G ratio of 2.54 and a beta of 0.57. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average is $16.97 and its 200-day moving average is $16.54.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.60%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Barclays increased their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Finally, Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Company 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.