AT&T Inc. (NYSE:T) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in AT&T Inc. (NYSE:T) by 20.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,495 shares of the technology company’s stock after selling 900 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in AT&T were worth $62,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in T. Carmel Capital Partners LLC raised its position in AT&T by 16,250.0% in 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 in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T in the 3rd quarter valued at $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the third quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in AT&T by 35.3% in the fourth 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 last quarter. Finally, Financial Gravity Asset Management Inc. raised its position in AT&T by 3,202.4% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,626 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 1.2 %

Shares of T opened at $16.51 on Wednesday. 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 capitalization of $118.09 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The stock has a fifty day moving average of $16.98 and a two-hundred day moving average of $16.54. 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 (NYSE:T) last released its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $31.44 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Ratings Changes

T has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.