Eudaimonia Advisors LLC Sells 4,037 Shares of AT&T Inc. (NYSE:T)

Eudaimonia Advisors LLC lessened its position in AT&T Inc. (NYSE:T) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,495 shares of the technology company’s stock after selling 4,037 shares during the period. Eudaimonia Advisors LLC’s holdings in AT&T were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T during the third quarter worth approximately $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T during the third quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,626 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T stock traded up $0.19 during mid-day trading on Tuesday, hitting $16.50. The stock had a trading volume of 47,745,879 shares, compared to its average volume of 38,895,176. The firm has a fifty day simple moving average of $16.99 and a 200 day simple moving average of $16.53. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.16. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $118.02 billion, a P/E ratio of 8.39, a P/E/G ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (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 firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

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 dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.73%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analyst Ratings Changes

T has been the subject of a number of recent research reports. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price 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. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Finally, Citigroup increased their target price on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $20.50.

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.