AT&T Inc. (NYSE:T) Shares Sold by Bfsg LLC

Bfsg LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 296,719 shares of the technology company’s stock after selling 7,355 shares during the period. Bfsg LLC’s holdings in AT&T were worth $4,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of T. Sora Investors LLC acquired a new stake in AT&T during the 3rd quarter worth approximately $11,265,000. Robeco Institutional Asset Management B.V. increased its position in AT&T by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after buying an additional 383,015 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of AT&T by 3.1% in the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after purchasing an additional 1,178 shares during the period. Retireful LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $1,163,000. Finally, Terril Brothers Inc. grew its position in shares of AT&T by 51.6% in the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after purchasing an additional 202,637 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on T shares. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, January 19th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

AT&T Stock Down 1.5 %

NYSE T traded down $0.25 on Thursday, hitting $16.56. 15,725,351 shares of the stock traded hands, compared to its average volume of 39,029,602. The stock has a 50-day moving average of $16.98 and a 200 day moving average of $16.54. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a market capitalization of $118.45 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts expect 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. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

About AT&T

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.