AT&T Inc. (NYSE:T) Shares Sold by Trust Investment Advisors

Trust Investment Advisors cut its holdings in shares of AT&T Inc. (NYSE:T) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,355 shares of the technology company’s stock after selling 1,372 shares during the period. Trust Investment Advisors’ holdings in AT&T were worth $509,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of T. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton purchased a new position in shares of AT&T during the third quarter worth $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter valued at $30,000. FWL Investment Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $31,000. Finally, Financial Freedom LLC acquired a new position in AT&T during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T traded up $0.21 during trading on Thursday, hitting $16.33. The stock had a trading volume of 29,509,168 shares, compared to its average volume of 38,480,293. The firm has a market capitalization of $116.81 billion, a P/E ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.83. The company’s 50-day moving average price is $17.02 and its 200 day moving average price is $16.48.

AT&T (NYSE:T) last posted its quarterly 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 analysts’ expectations of $31.44 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.80%. AT&T’s dividend payout ratio is presently 56.63%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Citigroup upped their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. Finally, Tigress Financial upped their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

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.