TCG Advisory Services LLC Sells 2,526 Shares of AT&T Inc. (NYSE:T)

TCG Advisory Services LLC decreased its stake in AT&T Inc. (NYSE:T) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,047 shares of the technology company’s stock after selling 2,526 shares during the period. TCG Advisory Services LLC’s holdings in AT&T were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares during the period. JB Capital LLC increased its stake in shares of AT&T by 2.4% during the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after acquiring an additional 614 shares during the period. Adell Harriman & Carpenter Inc. raised its holdings in AT&T by 0.6% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company’s stock worth $1,877,000 after purchasing an additional 630 shares in the last quarter. Schubert & Co lifted its position in AT&T by 2.0% in the third quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after purchasing an additional 631 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake in AT&T by 5.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 12,570 shares of the technology company’s stock valued at $211,000 after purchasing an additional 633 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on T shares. Scotiabank boosted their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. Tigress Financial boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Oppenheimer upgraded shares of 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. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Stock Up 0.2 %

NYSE:T traded up $0.03 on Friday, hitting $16.85. 24,023,192 shares of the company’s stock traded hands, compared to its average volume of 41,324,028. The firm has a 50-day moving average price of $16.97 and a 200-day moving average price of $16.67. 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 company has a market cap of $120.52 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.59%. AT&T’s dividend payout ratio is 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.