XML Financial LLC Sells 522 Shares of AT&T Inc. (NYSE:T)

XML Financial LLC lessened its holdings in AT&T Inc. (NYSE:T) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 223,080 shares of the technology company’s stock after selling 522 shares during the period. XML Financial LLC’s holdings in AT&T were worth $5,080,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC grew its holdings in AT&T by 43.3% during the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock valued at $414,563,000 after purchasing an additional 6,602,586 shares during the period. Geode Capital Management LLC boosted its position in shares of AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock worth $3,532,684,000 after purchasing an additional 3,630,972 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares during the period. National Pension Service increased its position in shares of AT&T by 15.8% in the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company’s stock valued at $346,934,000 after buying an additional 2,152,016 shares in the last quarter. Finally, Caxton Associates LP raised its stake in AT&T by 4,115.6% during the 2nd quarter. Caxton Associates LP now owns 2,151,025 shares of the technology company’s stock worth $41,106,000 after buying an additional 2,100,000 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on T. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. 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 report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Stock Performance

Shares of T opened at $22.49 on Wednesday. The company has a market cap of $161.40 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The firm has a 50-day moving average of $22.79 and a 200-day moving average of $21.37. 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 current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last posted its quarterly 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. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.93%. AT&T’s dividend payout ratio is currently 90.24%.

AT&T 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.