Aviva PLC Sells 300,613 Shares of AT&T Inc. (NYSE:T)

Aviva PLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,323,974 shares of the technology company’s stock after selling 300,613 shares during the quarter. Aviva PLC owned 0.06% of AT&T worth $98,457,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the fourth quarter worth $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of several recent research reports. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. Citigroup lifted their target price on AT&T from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, March 31st. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Sanford C. Bernstein boosted 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. Finally, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.21.

AT&T Price Performance

AT&T stock opened at $26.65 on Friday. The company has a market capitalization of $191.27 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.42. The stock’s 50 day moving average is $26.26 and its 200-day moving average is $23.73. The company has a current ratio of 0.66, a quick ratio of 0.62 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 $29.03.

AT&T (NYSE:T) last posted its quarterly earnings data 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%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. 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.