Coombe Bender & Co LLC Has $493,000 Stock Holdings in AT&T Inc. (NYSE:T)

Coombe Bender & Co LLC trimmed its position in AT&T Inc. (NYSE:T) by 61.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,409 shares of the technology company’s stock after selling 47,106 shares during the quarter. Coombe Bender & Co LLC’s holdings in AT&T were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of T. Ameriprise Financial Inc. raised its stake in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. FMR LLC raised its stake in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after buying an additional 32,558,342 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of AT&T by 38.0% during the 3rd quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after acquiring an additional 9,518,478 shares in the last quarter. Barclays PLC raised its position in AT&T by 30.6% in the third quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock worth $393,931,000 after purchasing an additional 6,137,909 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in AT&T by 43.0% during the third quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after purchasing an additional 4,432,136 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the subject of a number of research reports. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Price Performance

Shares of NYSE T traded down $0.13 during mid-day trading on Thursday, reaching $16.79. The company had a trading volume of 11,606,344 shares, compared to its average volume of 39,036,805. The firm has a market cap of $120.10 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 3.32 and a beta of 0.57. The business’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.62. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

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.