AT&T Inc. (NYSE:T) Shares Sold by Round Rock Advisors LLC

Round Rock Advisors LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,163 shares of the technology company’s stock after selling 1,413 shares during the period. Round Rock Advisors LLC’s holdings in AT&T were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in T. Axiom Financial Strategies LLC lifted its position in shares of AT&T by 12.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after acquiring an additional 1,941 shares during the period. Roundview Capital LLC increased its stake in shares of AT&T by 62.3% during the 1st quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares in the last quarter. Sei Investments Co. increased its stake in shares of AT&T by 23.1% during the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after purchasing an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of AT&T by 5.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after purchasing an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,722 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on T shares. Tigress Financial lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Barclays lifted their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $20.68.

AT&T Stock Down 0.1 %

NYSE:T traded down $0.02 on Friday, reaching $16.40. The stock had a trading volume of 5,187,577 shares, compared to its average volume of 37,947,477. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99. The company has a 50-day moving average of $17.13 and a 200 day moving average of $16.44. The stock has a market cap of $117.31 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 2.52 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.