AT&T Inc. (NYSE:T) Stock Holdings Decreased by FourThought Financial Partners LLC

FourThought Financial Partners LLC decreased its position in AT&T Inc. (NYSE:T) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,805 shares of the technology company’s stock after selling 3,610 shares during the quarter. FourThought Financial Partners LLC’s holdings in AT&T were worth $2,159,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in T. AMF Tjanstepension AB grew its position in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of AT&T by 1.3% during the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 3,972 shares during the period. Mediolanum International Funds Ltd grew its position in AT&T by 7.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 53,976 shares of the technology company’s stock valued at $1,180,000 after buying an additional 3,561 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in AT&T by 22.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 476,079 shares of the technology company’s stock worth $10,393,000 after purchasing an additional 85,699 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of AT&T by 1.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 71,192 shares of the technology company’s stock worth $1,566,000 after buying an additional 1,294 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. 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 Up 0.4 %

Shares of NYSE:T opened at $26.74 on Tuesday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.13. The company has a market capitalization of $191.91 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 3.00 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. The company has a fifty day moving average of $23.58 and a 200-day moving average of $22.38.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is currently 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.