MML Investors Services LLC Sells 59,380 Shares of AT&T Inc. (NYSE:T)

MML Investors Services LLC lessened its holdings in AT&T Inc. (NYSE:T) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,227,641 shares of the technology company’s stock after selling 59,380 shares during the quarter. MML Investors Services LLC’s holdings in AT&T were worth $27,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth about $28,000. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% during the 4th 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. YANKCOM Partnership purchased a new position in AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $35,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on T. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Thursday. Oppenheimer upped their target price on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $27.24.

AT&T Trading Up 0.4 %

AT&T stock opened at $27.12 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $16.17 and a 12-month high of $29.03. The firm has a market capitalization of $194.67 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The firm has a 50 day moving average of $26.84 and a 200 day moving average of $24.17.

AT&T (NYSE:T) last announced its quarterly earnings data 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%. As a group, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T’s payout ratio is 74.50%.

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.