JB Capital LLC Has $603,000 Stock Position in AT&T Inc. (NYSE:T)

JB Capital LLC trimmed its position in AT&T Inc. (NYSE:T) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,461 shares of the technology company’s stock after selling 1,262 shares during the period. JB Capital LLC’s holdings in AT&T were worth $603,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AT&T in the second quarter worth $44,000. AMF Tjanstepension AB lifted its holdings in AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after buying an additional 1,161,152 shares during the period. Czech National Bank increased its stake in shares of AT&T by 6.9% in the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock valued at $32,134,000 after buying an additional 94,312 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of AT&T by 27.1% in the third quarter. Harbor Investment Advisory LLC now owns 13,740 shares of the technology company’s stock valued at $302,000 after buying an additional 2,932 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of AT&T by 39.2% during the third quarter. GAMMA Investing LLC now owns 131,975 shares of the technology company’s stock worth $2,903,000 after acquiring an additional 37,162 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank increased their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $26.11.

AT&T Stock Down 1.2 %

Shares of NYSE:T opened at $23.74 on Monday. The stock has a market cap of $170.34 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.71 and a beta of 0.59. The business’s 50 day moving average is $22.92 and its 200 day moving average is $21.64. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.68%. AT&T’s payout ratio is presently 74.50%.

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.