AT&T Inc. (NYSE:T) Shares Sold by Lakeside Advisors INC.

Lakeside Advisors INC. trimmed its position in shares of AT&T Inc. (NYSE:T) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,237 shares of the technology company’s stock after selling 4,350 shares during the quarter. AT&T accounts for approximately 1.4% of Lakeside Advisors INC.’s portfolio, making the stock its 17th largest holding. Lakeside Advisors INC.’s holdings in AT&T were worth $1,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Carmel Capital Partners LLC lifted its holdings in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. FWL Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $31,000. Financial Freedom LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $34,000. Lipe & Dalton purchased a new stake in shares of AT&T in the third quarter valued at about $30,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of AT&T in the third quarter valued at about $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Stock Performance

Shares of AT&T stock traded down $0.15 during trading hours on Wednesday, reaching $16.09. The company’s stock had a trading volume of 56,368,796 shares, compared to its average volume of 32,633,924. The company’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $16.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a one year low of $13.43 and a one year high of $19.92. The stock has a market cap of $115.09 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 2.45 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.90%. AT&T’s dividend payout ratio is presently 56.63%.

About AT&T

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.