Blair William & Co. IL Cuts Position in AT&T Inc. (NYSE:T)

Blair William & Co. IL reduced its stake in shares of AT&T Inc. (NYSE:T) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,954 shares of the technology company’s stock after selling 21,757 shares during the quarter. Blair William & Co. IL’s holdings in AT&T were worth $8,606,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in AT&T in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter valued at about $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of several research analyst reports. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Down 0.0 %

AT&T stock opened at $28.20 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $202.40 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business has a 50 day simple moving average of $25.70 and a 200-day simple moving average of $23.53. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $28.51.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate 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, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

About AT&T

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.