Burns J W & Co. Inc. NY Has $444,000 Position in AT&T Inc. (NYSE:T)

Burns J W & Co. Inc. NY decreased its position in shares of AT&T Inc. (NYSE:T) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,490 shares of the technology company’s stock after selling 2,648 shares during the period. Burns J W & Co. Inc. NY’s holdings in AT&T were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Altshuler Shaham Ltd acquired a new stake in AT&T during the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in AT&T during the 3rd quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.6 %

T stock traded down $0.13 during trading on Monday, reaching $21.56. The stock had a trading volume of 29,809,533 shares, compared to its average volume of 33,200,465. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company’s 50 day moving average is $22.81 and its two-hundred day moving average is $21.24. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $154.70 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Equities research analysts forecast that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on T shares. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.76.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.