Generali Investments Towarzystwo Funduszy Inwestycyjnych Lowers Position in AT&T Inc. (NYSE:T)

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its stake in AT&T Inc. (NYSE:T) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,000 shares of the technology company’s stock after selling 9,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in AT&T were worth $592,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in AT&T during the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at $28,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new stake in AT&T in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T opened at $26.90 on Friday. The firm has a 50-day moving average price of $23.82 and a 200 day moving average price of $22.49. The firm has a market capitalization of $193.09 billion, a PE ratio of 18.05, a P/E/G ratio of 3.00 and a beta of 0.59. 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 $27.16.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.13%. AT&T’s dividend payout ratio is presently 74.50%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on T. 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. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.