AT&T Inc. (NYSE:T) Position Cut by Banco Santander S.A.

Banco Santander S.A. decreased its position in shares of AT&T Inc. (NYSE:T) by 84.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,847 shares of the technology company’s stock after selling 209,139 shares during the quarter. Banco Santander S.A.’s holdings in AT&T were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter worth $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at about $28,000. Tradewinds Capital Management LLC lifted its holdings 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 worth $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership bought a new position in AT&T in the 4th quarter valued at about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $27.15 on Monday. The company has a market capitalization of $194.85 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $24.30 and its 200-day simple moving average is $22.84.

AT&T (NYSE:T) last released 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 return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T’s dividend payout ratio is presently 74.50%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Finally, Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.74.

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.