AT&T Inc. (NYSE:T) Shares Sold by Ieq Capital LLC

Ieq Capital LLC trimmed its position in AT&T Inc. (NYSE:T) by 9.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 405,808 shares of the technology company’s stock after selling 40,513 shares during the period. Ieq Capital LLC’s holdings in AT&T were worth $9,240,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. TBH Global Asset Management LLC lifted its holdings in AT&T by 6.4% in the fourth quarter. TBH Global Asset Management LLC now owns 26,045 shares of the technology company’s stock worth $593,000 after acquiring an additional 1,557 shares during the last quarter. Financial Sense Advisors Inc. lifted its holdings in AT&T by 11.1% in the fourth quarter. Financial Sense Advisors Inc. now owns 44,399 shares of the technology company’s stock worth $1,011,000 after acquiring an additional 4,423 shares during the last quarter. Parthenon LLC lifted its holdings in AT&T by 3.4% in the fourth quarter. Parthenon LLC now owns 18,098 shares of the technology company’s stock worth $412,000 after acquiring an additional 600 shares during the last quarter. Good Life Advisors LLC lifted its holdings in AT&T by 27.2% in the fourth quarter. Good Life Advisors LLC now owns 147,637 shares of the technology company’s stock worth $3,362,000 after acquiring an additional 31,613 shares during the last quarter. Finally, Financial Perspectives Inc lifted its holdings in AT&T by 7.7% in the fourth quarter. Financial Perspectives Inc now owns 20,121 shares of the technology company’s stock worth $458,000 after acquiring an additional 1,431 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

NYSE T opened at $26.18 on Friday. The stock has a market capitalization of $187.95 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.99 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.35. The business’s fifty day moving average is $23.44 and its two-hundred day moving average is $22.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. AT&T’s dividend payout ratio is currently 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.