Capital Investment Counsel Inc Decreases Stock Holdings in AT&T Inc. (NYSE:T)

Capital Investment Counsel Inc cut its holdings in AT&T Inc. (NYSE:T) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,243 shares of the technology company’s stock after selling 1,151 shares during the quarter. Capital Investment Counsel Inc’s holdings in AT&T were worth $279,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter worth $34,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the third quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.2 %

Shares of NYSE:T opened at $26.18 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.35. The stock has a market cap of $187.95 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.01 and a beta of 0.59. The business has a 50-day moving average price of $23.44 and a 200-day moving average price of $22.23.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.24%. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.33.

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.