Saxony Capital Management LLC Decreases Stock Position in AT&T Inc. (NYSE:T)

Saxony Capital Management LLC lessened its holdings in AT&T Inc. (NYSE:T) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,858 shares of the technology company’s stock after selling 4,417 shares during the quarter. Saxony Capital Management LLC’s holdings in AT&T were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of T. Sanctuary Advisors LLC purchased a new stake in AT&T in the second quarter valued at $18,285,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AT&T in the 2nd quarter valued at about $44,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of AT&T by 9.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,989,100 shares of the technology company’s stock worth $38,012,000 after buying an additional 178,100 shares during the last quarter. Centaurus Financial Inc. grew its holdings in AT&T by 4.7% during the second quarter. Centaurus Financial Inc. now owns 44,098 shares of the technology company’s stock worth $843,000 after acquiring an additional 1,982 shares during the period. Finally, Ashburton Jersey Ltd acquired a new stake in AT&T during the second quarter worth about $418,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on T shares. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Scotiabank lifted their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Finally, UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Stock Down 0.8 %

Shares of NYSE:T opened at $24.04 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The stock has a market cap of $172.46 billion, a P/E ratio of 16.13, a PEG ratio of 2.81 and a beta of 0.59. The business has a fifty day moving average of $22.91 and a two-hundred day moving average of $21.59. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, research analysts expect that AT&T Inc. will post 2.12 earnings per share 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 given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is presently 74.50%.

About AT&T

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.