Advanced Asset Management Advisors Inc Sells 3,656 Shares of AT&T Inc. (NYSE:T)

Advanced Asset Management Advisors Inc reduced its position in AT&T Inc. (NYSE:T) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 339,717 shares of the technology company’s stock after selling 3,656 shares during the period. AT&T accounts for approximately 2.0% of Advanced Asset Management Advisors Inc’s investment portfolio, making the stock its 18th biggest holding. Advanced Asset Management Advisors Inc’s holdings in AT&T were worth $7,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter worth $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the fourth quarter worth $34,000. Finally, Reston Wealth Management LLC bought a new position in shares of AT&T during the third quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.0 %

Shares of AT&T stock opened at $25.88 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.93. The firm’s 50-day moving average is $23.23 and its two-hundred day moving average is $22.06. The stock has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last issued 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 net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 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.