Sheaff Brock Investment Advisors LLC Has $1.44 Million Stock Holdings in AT&T Inc. (NYSE:T)

Sheaff Brock Investment Advisors LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 63,383 shares of the technology company’s stock after selling 770 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in AT&T were worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership bought a new position in AT&T during the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter worth $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on T. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. DZ Bank 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 report on Wednesday, January 29th. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a report on Thursday. Finally, Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Performance

NYSE:T opened at $25.88 on Friday. The business’s fifty day moving average is $23.23 and its 200 day moving average is $22.04. The firm has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.93.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Research analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.