AT&T Inc. (NYSE:T) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. lessened its position in AT&T Inc. (NYSE:T) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,068 shares of the technology company’s stock after selling 1,019 shares during the period. Valmark Advisers Inc.’s holdings in AT&T were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 valued at $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter valued at about $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new position in AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.8 %

NYSE:T opened at $26.07 on Wednesday. The business’s fifty day moving average price is $23.28 and its 200 day moving average price is $22.12. The firm has a market capitalization of $187.09 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.79 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.18.

AT&T (NYSE:T) last issued its 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, sell-side analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

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.