AT&T Inc. (NYSE:T) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,053 shares of the technology company’s stock after selling 14,450 shares during the period. Schnieders Capital Management LLC’s holdings in AT&T were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of T. Carmel Capital Partners LLC increased its stake in AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton purchased a new position in AT&T during the 3rd quarter valued at about $30,000. Ramirez Asset Management Inc. purchased a new position in AT&T during the 3rd quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its stake in AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,626 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

T traded up $0.31 on Wednesday, hitting $16.81. The company had a trading volume of 73,739,885 shares, compared to its average volume of 39,243,203. The company’s fifty day moving average price is $16.98 and its 200 day moving average price is $16.54. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. 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 $120.24 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57.

AT&T (NYSE:T) last posted its 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 company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. Equities analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal 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 given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.60%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays lifted their price target on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target 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.