OneDigital Investment Advisors LLC Sells 2,826 Shares of AT&T Inc. (NYSE:T)

OneDigital Investment Advisors LLC trimmed its position in AT&T Inc. (NYSE:T) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 187,873 shares of the technology company’s stock after selling 2,826 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in AT&T were worth $4,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. 1620 Investment Advisors Inc. grew its holdings in shares of AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock valued at $596,000 after acquiring an additional 421 shares in the last quarter. Tradewinds Capital Management LLC grew its stake 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 purchasing an additional 430 shares in the last quarter. Whittier Trust Co. increased its position in shares of AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares during the last quarter. Wealthstream Advisors Inc. raised its stake in shares of AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Northeast Investment Management boosted its holdings in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after buying an additional 451 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Sanford C. Bernstein boosted 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. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Royal Bank of Canada upped their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Finally, Scotiabank lifted their target price on AT&T from $28.50 to $29.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

AT&T Trading Up 2.5 %

Shares of NYSE:T opened at $26.99 on Wednesday. The company has a market capitalization of $193.74 billion, a P/E ratio of 18.11, a P/E/G ratio of 3.00 and a beta of 0.42. 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 business’s 50 day simple moving average is $26.89 and its 200 day simple moving average is $24.22. AT&T Inc. has a 1 year low of $16.29 and a 1 year high of $29.03.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 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.