Cypress Capital Group Sells 13,950 Shares of AT&T Inc. (NYSE:T)

Cypress Capital Group trimmed its position in AT&T Inc. (NYSE:T) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,110 shares of the technology company’s stock after selling 13,950 shares during the period. Cypress Capital Group’s holdings in AT&T were worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the third quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $28,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of 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 purchasing an additional 841 shares in the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T in the fourth quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $26.19 on Thursday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The stock’s 50 day moving average is $24.14 and its 200-day moving average is $22.72. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $188.03 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Ratings Changes

A number of analysts recently issued reports on T shares. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.74.

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.