LifePlan Financial LLC Cuts Stock Position in AT&T Inc. (NYSE:T)

LifePlan Financial LLC cut its position in shares of AT&T Inc. (NYSE:T) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,429 shares of the technology company’s stock after selling 1,689 shares during the quarter. LifePlan Financial LLC’s holdings in AT&T were worth $533,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of AT&T by 7.6% in the 2nd quarter. Sei Investments Co. now owns 2,876,014 shares of the technology company’s stock worth $54,961,000 after acquiring an additional 202,159 shares during the last quarter. Thrivent Financial for Lutherans raised its position in AT&T by 4.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 475,114 shares of the technology company’s stock worth $9,080,000 after purchasing an additional 21,233 shares during the period. Profund Advisors LLC raised its position in AT&T by 7.6% in the 2nd quarter. Profund Advisors LLC now owns 86,117 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 6,080 shares during the period. ProShare Advisors LLC lifted its stake in AT&T by 8.4% in the second quarter. ProShare Advisors LLC now owns 1,008,133 shares of the technology company’s stock worth $19,265,000 after purchasing an additional 77,932 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its position in AT&T by 9.6% during the second quarter. Fidelis Capital Partners LLC now owns 33,575 shares of the technology company’s stock valued at $646,000 after buying an additional 2,943 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on T shares. Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Finally, Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.83.

AT&T Stock Performance

Shares of T stock opened at $22.30 on Tuesday. The company’s fifty day moving average price is $22.79 and its 200-day moving average price is $21.37. The stock has a market cap of $159.97 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

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 $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Company 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.