AT&T Inc. (NYSE:T) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,221 shares of the technology company’s stock after selling 2,167 shares during the quarter. AT&T accounts for 1.1% of HF Advisory Group LLC’s portfolio, making the stock its 27th largest position. HF Advisory Group LLC’s holdings in AT&T were worth $1,698,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Carmel Capital Partners LLC boosted its position in 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 valued at $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton acquired a new position in AT&T during the 3rd quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T during the 3rd quarter valued at approximately $30,000. FWL Investment Management LLC acquired a new position in AT&T during the 4th quarter valued at approximately $31,000. Finally, Financial Freedom LLC acquired a new position in AT&T during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T traded up $0.02 during mid-day trading on Thursday, reaching $16.14. The company had a trading volume of 4,947,936 shares, compared to its average volume of 38,135,082. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market cap of $115.45 billion, a PE ratio of 8.22, a P/E/G ratio of 2.43 and a beta of 0.57. The company has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $16.48. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.83.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.88%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Barclays lifted their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Company 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.