Moisand Fitzgerald Tamayo LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 4.1% in the 4th quarter, Holdings Channel reports. The fund owned 18,505 shares of the technology company’s stock after selling 790 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in AT&T were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen Asset Management LLC raised its stake in shares of AT&T by 1,723.1% in the second quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock valued at $1,543,169,000 after purchasing an additional 43,525,113 shares in the last quarter. Morgan Stanley raised its stake in shares of AT&T by 11.2% in the second quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock valued at $1,979,052,000 after purchasing an additional 5,931,167 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of AT&T by 18.1% in the third quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock valued at $1,060,292,000 after purchasing an additional 4,292,231 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of AT&T by 63.9% in the third quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock valued at $215,422,000 after purchasing an additional 2,220,433 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of AT&T by 82.8% in the third quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock valued at $138,546,000 after purchasing an additional 1,704,159 shares in the last quarter. 53.60% of the stock is owned by institutional investors.
AT&T stock opened at $38.03 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a fifty day moving average price of $38.54 and a two-hundred day moving average price of $36.78. AT&T Inc. has a 52-week low of $28.92 and a 52-week high of $39.70. The firm has a market capitalization of $277.81 billion, a P/E ratio of 10.80, a P/E/G ratio of 2.37 and a beta of 0.62.
AT&T (NYSE:T) last released its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The firm had revenue of $44.59 billion during the quarter, compared to analyst estimates of $45.45 billion. During the same period in the prior year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post 3.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.52 per share. This is a positive change from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 5.47%. The ex-dividend date is Thursday, January 9th. AT&T’s dividend payout ratio is currently 59.09%.
A number of research analysts recently commented on the company. Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $36.00 target price for the company. SunTrust Banks upped their target price on AT&T to $36.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on AT&T from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Moffett Nathanson lowered AT&T from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Tuesday, November 19th. Finally, UBS Group upped their target price on AT&T from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.22.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
Read More: What does a market perform rating mean?
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.