HF Advisory Group LLC Sells 2,167 Shares of AT&T Inc. (NYSE:T)

HF Advisory Group LLC trimmed its position in AT&T Inc. (NYSE:T) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 101,221 shares of the technology company’s stock after selling 2,167 shares during the period. AT&T comprises 1.1% of HF Advisory Group LLC’s investment portfolio, making the stock its 27th biggest position. HF Advisory Group LLC’s holdings in AT&T were worth $1,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Sora Investors LLC bought a new position in shares of AT&T during the 3rd quarter valued at approximately $11,265,000. Robeco Institutional Asset Management B.V. grew its position in shares of AT&T by 2.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after acquiring an additional 383,015 shares during the period. Checchi Capital Advisers LLC grew its position in shares of AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after acquiring an additional 1,178 shares during the period. Retireful LLC bought a new position in AT&T in the 4th quarter worth approximately $1,163,000. Finally, Terril Brothers Inc. boosted its holdings in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after buying an additional 202,637 shares during the period. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

T has been the subject of several analyst reports. Barclays raised their price objective on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Trading Up 0.1 %

AT&T stock traded up $0.02 during mid-day trading on Thursday, hitting $16.14. The company’s stock had a trading volume of 4,947,936 shares, compared to its average volume of 38,135,082. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The stock has a market cap of $115.45 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The business has a 50 day moving average price of $17.02 and a 200-day moving average price of $16.48. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.83.

AT&T (NYSE:T) last posted its quarterly earnings results 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 business had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.88%. The ex-dividend date is Tuesday, April 9th. 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.