Ameritas Investment Partners Inc. Has $1.38 Million Stock Position in AT&T Inc. (NYSE:T)

Ameritas Investment Partners Inc. lowered its holdings in shares of AT&T Inc. (NYSE:T) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,414 shares of the technology company’s stock after selling 2,136 shares during the period. Ameritas Investment Partners Inc.’s holdings in AT&T were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. First Pacific Financial raised its position in AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in AT&T by 35.3% during 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 purchasing an additional 606 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of AT&T during the fourth quarter worth $39,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.92 on Wednesday, hitting $19.13. 38,034,582 shares of the company traded hands, compared to its average volume of 36,563,637. The firm’s 50-day simple moving average is $18.21 and its 200 day simple moving average is $17.43. 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 $137.17 billion, a P/E ratio of 10.18, a P/E/G ratio of 3.50 and a beta of 0.58. AT&T Inc. has a 12-month low of $13.89 and a 12-month high of $19.33.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Analysts expect that AT&T Inc. will post 2.23 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.80%. AT&T’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of analysts have commented on T shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Scotiabank increased their price objective on shares of AT&T from $22.50 to $23.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, July 10th. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. Finally, The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.85.

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.