1834 Investment Advisors Co. Sells 25,554 Shares of AT&T Inc. (NYSE:T)

1834 Investment Advisors Co. lessened its holdings in shares of AT&T Inc. (NYSE:T) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 551,317 shares of the technology company’s stock after selling 25,554 shares during the quarter. AT&T makes up 1.6% of 1834 Investment Advisors Co.’s portfolio, making the stock its 13th biggest position. 1834 Investment Advisors Co.’s holdings in AT&T were worth $12,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vista Investment Partners LLC boosted its position in AT&T by 14.0% during the 4th quarter. Vista Investment Partners LLC now owns 107,264 shares of the technology company’s stock valued at $2,442,000 after acquiring an additional 13,211 shares in the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of AT&T by 14.1% in the 4th quarter. Crescent Grove Advisors LLC now owns 11,873 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,469 shares during the period. Marshall Financial Group LLC lifted its stake in shares of AT&T by 16.7% in the 4th quarter. Marshall Financial Group LLC now owns 16,827 shares of the technology company’s stock valued at $383,000 after purchasing an additional 2,404 shares during the period. Smith Chas P & Associates PA Cpas boosted its position in shares of AT&T by 16.0% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 29,661 shares of the technology company’s stock valued at $675,000 after purchasing an additional 4,082 shares in the last quarter. Finally, Patton Albertson Miller Group LLC raised its holdings in AT&T by 38.2% in the fourth quarter. Patton Albertson Miller Group LLC now owns 14,569 shares of the technology company’s stock worth $332,000 after purchasing an additional 4,024 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on T shares. UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $22.00 to $26.00 in a report on Monday, January 6th. The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One equities research 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. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Price Performance

T opened at $22.69 on Friday. The company’s 50-day simple moving average is $22.80 and its two-hundred day simple moving average is $21.44. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The stock has a market capitalization of $162.77 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend 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.