Chicago Capital LLC Sells 599 Shares of AT&T Inc. (NYSE:T)

Chicago Capital LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,605 shares of the technology company’s stock after selling 599 shares during the period. Chicago Capital LLC’s holdings in AT&T were worth $1,007,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in AT&T in the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new position in AT&T in the 4th quarter worth about $25,000. Putney Financial Group LLC purchased a new position in AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter valued at $28,000. Finally, Tradewinds Capital Management LLC grew its position in 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 buying an additional 430 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research reports. Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Citigroup restated a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Price Performance

Shares of NYSE T opened at $27.65 on Wednesday. AT&T Inc. has a twelve month low of $17.86 and a twelve month high of $29.03. The company has a 50 day moving average of $27.47 and a 200 day moving average of $25.71. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a market cap of $198.92 billion, a P/E ratio of 16.96, a PEG ratio of 3.89 and a beta of 0.41.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is currently 68.10%.

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.