AT&T Inc. (NYSE:T) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its position in AT&T Inc. (NYSE:T) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,052 shares of the technology company’s stock after selling 16,548 shares during the period. Entropy Technologies LP’s holdings in AT&T were worth $3,735,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of T. Empirical Finance LLC boosted its stake in shares of AT&T by 7.5% in the fourth quarter. Empirical Finance LLC now owns 301,417 shares of the technology company’s stock worth $6,863,000 after buying an additional 21,076 shares during the last quarter. Hobart Private Capital LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $228,000. Seelaus Asset Management LLC boosted its stake in shares of AT&T by 9.3% in the fourth quarter. Seelaus Asset Management LLC now owns 34,922 shares of the technology company’s stock worth $795,000 after buying an additional 2,975 shares during the last quarter. Santori & Peters Inc. boosted its stake in shares of AT&T by 8.8% in the fourth quarter. Santori & Peters Inc. now owns 13,351 shares of the technology company’s stock worth $304,000 after buying an additional 1,080 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its stake in shares of AT&T by 32.4% in the fourth quarter. D Orazio & Associates Inc. now owns 17,596 shares of the technology company’s stock worth $401,000 after buying an additional 4,309 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $24.56 on Friday. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market cap of $176.19 billion, a PE ratio of 16.48, a P/E/G ratio of 2.79 and a beta of 0.59. The stock has a 50 day moving average price of $23.04 and a 200 day moving average price of $21.81.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.52%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $26.21.

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.