AT&T Inc. (NYSE:T) Shares Sold by Cito Capital Group LLC

Cito Capital Group LLC decreased its stake in AT&T Inc. (NYSE:T) by 46.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,484 shares of the technology company’s stock after selling 32,878 shares during the period. Cito Capital Group LLC’s holdings in AT&T were worth $1,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Boston Common Asset Management LLC increased its holdings in AT&T by 6.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 321,322 shares of the technology company’s stock valued at $9,248,000 after acquiring an additional 20,665 shares in the last quarter. Mackenzie Financial Corp increased its holdings in AT&T by 12.9% during the 3rd quarter. Mackenzie Financial Corp now owns 1,388,510 shares of the technology company’s stock valued at $37,504,000 after acquiring an additional 158,535 shares in the last quarter. Bank of Montreal Can increased its holdings in AT&T by 16.5% during the 2nd quarter. Bank of Montreal Can now owns 14,173,739 shares of the technology company’s stock valued at $456,111,000 after acquiring an additional 2,004,083 shares in the last quarter. Gabelli Funds LLC increased its holdings in AT&T by 26.2% during the 2nd quarter. Gabelli Funds LLC now owns 469,300 shares of the technology company’s stock valued at $13,506,000 after acquiring an additional 97,400 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. increased its holdings in AT&T by 5.4% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 150,498 shares of the technology company’s stock valued at $4,065,000 after acquiring an additional 7,772 shares in the last quarter. Hedge funds and other institutional investors own 51.96% of the company’s stock.

Several research firms have weighed in on T. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, December 20th. Daiwa Capital Markets assumed coverage on shares of AT&T in a report on Thursday, December 23rd. They set a “neutral” rating and a $26.00 price target for the company. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $32.00 to $28.00 in a report on Thursday, December 16th. Wells Fargo & Company upgraded shares of AT&T from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $27.00 in a report on Friday, January 7th. Finally, Citigroup lowered their price target on shares of AT&T from $31.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, December 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Hold” and a consensus price target of $29.90.

AT&T stock traded up $0.17 during trading on Friday, reaching $26.97. The company had a trading volume of 1,325,775 shares, compared to its average volume of 60,236,184. AT&T Inc. has a 12-month low of $22.02 and a 12-month high of $33.88. The stock’s 50 day moving average price is $24.45 and its two-hundred day moving average price is $26.33. The firm has a market capitalization of $192.57 billion, a price-to-earnings ratio of 223.35, a PEG ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 20th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. The firm had revenue of $39.90 billion during the quarter, compared to the consensus estimate of $42.37 billion. AT&T had a net margin of 0.67% and a return on equity of 13.47%. AT&T’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, research analysts expect that AT&T Inc. will post 3.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Monday, January 10th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, January 7th. This represents a $2.08 dividend on an annualized basis and a yield of 7.71%. AT&T’s dividend payout ratio (DPR) is 1,733.48%.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of AT&T stock in a transaction on Monday, November 8th. The shares were purchased at an average cost of $25.04 per share, with a total value of $2,504,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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