Adams Asset Advisors LLC Sells 1,147 Shares of AT&T Inc. (NYSE:T)

Adams Asset Advisors LLC cut its holdings in AT&T Inc. (NYSE:T) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 628,928 shares of the technology company’s stock after selling 1,147 shares during the quarter. AT&T comprises approximately 1.8% of Adams Asset Advisors LLC’s portfolio, making the stock its 8th largest holding. Adams Asset Advisors LLC’s holdings in AT&T were worth $14,321,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of AT&T during the second quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of AT&T during the third quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the third quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays boosted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Trading Down 0.6 %

T stock traded down $0.12 on Monday, hitting $21.57. 15,347,129 shares of the company were exchanged, compared to its average volume of 31,041,189. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The business’s fifty day moving average is $22.81 and its two-hundred day moving average is $21.24. The stock has a market capitalization of $154.77 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. AT&T’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.