Insight Advisors LLC PA Trims Stock Holdings in AT&T Inc. (NYSE:T)

Insight Advisors LLC PA lowered its holdings in shares of AT&T Inc. (NYSE:T) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,111 shares of the technology company’s stock after selling 1,238 shares during the quarter. Insight Advisors LLC PA’s holdings in AT&T were worth $229,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its position in AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares during the last quarter. CWM LLC lifted its holdings in shares of AT&T by 2.9% during the 3rd quarter. CWM LLC now owns 2,455,560 shares of the technology company’s stock valued at $54,022,000 after purchasing an additional 69,306 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of AT&T by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 67,949 shares of the technology company’s stock valued at $1,480,000 after purchasing an additional 2,515 shares during the last quarter. Patten Group Inc. grew its stake in AT&T by 4.2% during the 3rd quarter. Patten Group Inc. now owns 94,316 shares of the technology company’s stock worth $2,075,000 after buying an additional 3,833 shares during the last quarter. Finally, Somerset Trust Co grew its stake in AT&T by 2.0% during the 3rd quarter. Somerset Trust Co now owns 54,223 shares of the technology company’s stock worth $1,193,000 after buying an additional 1,081 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Tigress Financial boosted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada boosted their price target on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, UBS Group raised their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Price Performance

NYSE:T opened at $24.46 on Friday. 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 Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The stock’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $21.75. The firm has a market capitalization of $175.47 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

AT&T Company 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.