AHL Investment Management Inc. Sells 1,057 Shares of AT&T Inc. (NYSE:T)

AHL Investment Management Inc. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,370 shares of the technology company’s stock after selling 1,057 shares during the quarter. AT&T comprises approximately 1.4% of AHL Investment Management Inc.’s portfolio, making the stock its 26th biggest holding. AHL Investment Management Inc.’s holdings in AT&T were worth $1,967,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Community Bank of Raymore lifted its holdings in shares of AT&T by 2.0% in the fourth quarter. Community Bank of Raymore now owns 67,957 shares of the technology company’s stock worth $1,547,000 after buying an additional 1,359 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new stake in AT&T in the 4th quarter worth approximately $1,142,000. Willner & Heller LLC lifted its stake in AT&T by 2.2% in the 4th quarter. Willner & Heller LLC now owns 24,798 shares of the technology company’s stock worth $565,000 after purchasing an additional 540 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of AT&T by 1.5% in the fourth quarter. Diversify Advisory Services LLC now owns 67,656 shares of the technology company’s stock worth $1,467,000 after buying an additional 974 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in shares of AT&T by 16.1% during the fourth quarter. Diversify Wealth Management LLC now owns 21,155 shares of the technology company’s stock worth $459,000 after purchasing an additional 2,936 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $26.00 in a research report on Monday, January 6th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday. Sanford C. Bernstein initiated coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Tigress Financial lifted their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Price Performance

T stock opened at $22.30 on Monday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The firm has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The company has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $21.33. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Profile

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.