Richard P Slaughter Associates Inc Lowers Stock Holdings in AT&T Inc. (NYSE:T)

Richard P Slaughter Associates Inc lowered its position in AT&T Inc. (NYSE:T) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 171,187 shares of the technology company’s stock after selling 5,095 shares during the period. AT&T comprises approximately 0.9% of Richard P Slaughter Associates Inc’s holdings, making the stock its 25th largest position. Richard P Slaughter Associates Inc’s holdings in AT&T were worth $3,898,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of AT&T by 5,378.3% during the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after purchasing an additional 3,711 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after buying an additional 4,824 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in AT&T by 32.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock worth $2,173,000 after acquiring an additional 27,970 shares during the last quarter. Sierra Summit Advisors LLC raised its holdings in shares of AT&T by 32.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 13,521 shares of the technology company’s stock worth $258,000 after acquiring an additional 3,316 shares in the last quarter. Finally, Wulff Hansen & CO. boosted its position in shares of AT&T by 1,656.6% during the 2nd quarter. Wulff Hansen & CO. now owns 216,344 shares of the technology company’s stock valued at $4,134,000 after acquiring an additional 204,028 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.1 %

AT&T stock opened at $21.80 on Wednesday. The stock has a market cap of $156.42 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a 50-day moving average of $22.80 and a two-hundred day moving average of $21.28.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI increased their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.76.

About AT&T

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.