Fort Washington Investment Advisors Inc. OH Decreases Holdings in AT&T Inc. (NYSE:T)

Fort Washington Investment Advisors Inc. OH cut its holdings in AT&T Inc. (NYSE:T) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,798,044 shares of the technology company’s stock after selling 298,245 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in AT&T were worth $79,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new position in AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC acquired a new position in AT&T in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC increased its holdings in shares of AT&T by 48.6% in 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 during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $28.32 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average price is $27.35 and its two-hundred day moving average price is $25.56. The firm has a market capitalization of $203.74 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 12-month low of $17.42 and a 12-month high of $29.03.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.92%. AT&T’s dividend payout ratio is 68.10%.

Analyst Upgrades and Downgrades

A number of research firms have commented on T. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Evercore ISI raised their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 24th. Finally, Barclays upped their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

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.