Carson Advisory Inc. Sells 6,852 Shares of AT&T Inc. (NYSE:T)

Carson Advisory Inc. lessened its stake in AT&T Inc. (NYSE:T) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 129,944 shares of the technology company’s stock after selling 6,852 shares during the period. AT&T makes up about 1.7% of Carson Advisory Inc.’s portfolio, making the stock its 11th biggest position. Carson Advisory Inc.’s holdings in AT&T were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of T. Ameriprise Financial Inc. raised its position 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 grew 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 worth $863,884,000 after buying an additional 32,558,342 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of AT&T by 38.0% in the 3rd quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock worth $519,070,000 after buying an additional 9,518,478 shares during the last quarter. Barclays PLC lifted its position in AT&T by 30.6% in the 3rd quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock valued at $393,931,000 after acquiring an additional 6,137,909 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in AT&T by 43.0% in the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after acquiring an additional 4,432,136 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday. Finally, 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 report on Friday, January 19th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Down 0.6 %

Shares of T stock traded down $0.10 during trading hours on Thursday, reaching $16.83. 32,185,647 shares of the company’s stock were exchanged, compared to its average volume of 39,280,457. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $16.96 and its 200-day moving average is $16.62. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The company has a market cap of $120.35 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly 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. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is presently 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.