Nicolet Bankshares Inc. Lowers Holdings in AT&T Inc. (NYSE:T)

Nicolet Bankshares Inc. lowered its position in shares of AT&T Inc. (NYSE:T) by 60.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,720 shares of the technology company’s stock after selling 15,082 shares during the period. Nicolet Bankshares Inc.’s holdings in AT&T were worth $221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of AT&T by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company’s stock worth $21,238,000 after purchasing an additional 16,024 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of AT&T during the third quarter valued at about $502,000. M&T Bank Corp lifted its position in shares of AT&T by 1.1% during the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company’s stock valued at $23,178,000 after buying an additional 11,895 shares during the last quarter. Passumpsic Savings Bank grew its position in shares of AT&T by 12.2% in the 3rd quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company’s stock worth $382,000 after buying an additional 1,893 shares during the last quarter. Finally, Sculati Wealth Management LLC raised its stake in shares of AT&T by 38.9% during the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 12,772 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.5 %

AT&T stock opened at $26.79 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The firm has a market cap of $192.29 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business’s 50-day moving average price is $26.59 and its 200 day moving average price is $23.97. 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 (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T’s payout ratio is currently 74.50%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Royal Bank of Canada upped their target price on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

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.