AT&T Inc. (NYSE:T) Shares Sold by Lantz Financial LLC

Lantz Financial LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,531 shares of the technology company’s stock after selling 1,588 shares during the period. Lantz Financial LLC’s holdings in AT&T were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AT&T in the second quarter valued at approximately $44,000. APG Asset Management N.V. boosted its holdings in AT&T by 6.8% in the 2nd quarter. APG Asset Management N.V. now owns 4,621,726 shares of the technology company’s stock worth $82,408,000 after acquiring an additional 294,388 shares during the period. Delta Investment Management LLC grew its holdings in AT&T by 19.3% during the 2nd quarter. Delta Investment Management LLC now owns 12,139 shares of the technology company’s stock valued at $232,000 after purchasing an additional 1,962 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of AT&T by 29.7% during the second quarter. Daymark Wealth Partners LLC now owns 26,966 shares of the technology company’s stock valued at $515,000 after acquiring an additional 6,176 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in AT&T during the 2nd quarter worth approximately $9,836,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Evercore ISI boosted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Company lowered their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Up 0.7 %

NYSE:T opened at $22.69 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a market cap of $162.77 billion, a PE ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The firm’s 50 day simple moving average is $22.80 and its 200 day simple moving average is $21.44.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.89%. AT&T’s payout ratio is 90.24%.

AT&T 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.