AT&T Inc. (NYSE:T) Shares Sold by Childress Capital Advisors LLC

Childress Capital Advisors LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 16.6% in the fourth quarter, HoldingsChannel reports. The fund owned 17,950 shares of the technology company’s stock after selling 3,571 shares during the period. Childress Capital Advisors LLC’s holdings in AT&T were worth $409,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in AT&T in the fourth quarter worth about $14,700,000. Swiss National Bank lifted its holdings in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after buying an additional 104,700 shares during the period. Franklin Resources Inc. boosted its stake in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Caprock Group LLC grew its holdings in AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after acquiring an additional 30,281 shares during the period. Finally, Talbot Financial LLC bought a new stake in AT&T in the third quarter worth about $7,438,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 2.2 %

Shares of T stock opened at $24.26 on Tuesday. The business’s 50 day moving average is $22.92 and its two-hundred day moving average is $21.66. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a market cap of $174.04 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last posted its earnings results 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%. Equities analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. AT&T’s dividend payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on T. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.11.

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.