AT&T Inc. (NYSE:T) Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,861 shares of the technology company’s stock after selling 4,245 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in AT&T were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in AT&T by 0.5% in the first quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock valued at $5,530,602,000 after acquiring an additional 1,567,008 shares during the period. Newport Trust Company LLC lifted its holdings in AT&T by 0.3% in the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after acquiring an additional 673,043 shares during the period. Morgan Stanley lifted its holdings in AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after buying an additional 76,746,649 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.1 %

T traded up $0.18 during mid-day trading on Friday, hitting $16.51. 45,820,353 shares of the stock were exchanged, compared to its average volume of 33,811,916. The firm’s fifty day moving average is $17.00 and its two-hundred day moving average is $16.50. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.72. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $118.09 billion, a PE ratio of 8.42, a PEG ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same period in the previous year, the company posted $0.61 EPS. AT&T’s revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on T. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Tuesday, March 5th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.