Home Federal Bank of Tennessee Cuts Stock Position in AT&T Inc. (NYSE:T)

Home Federal Bank of Tennessee lessened its stake in AT&T Inc. (NYSE:T) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,986 shares of the technology company’s stock after selling 575 shares during the period. Home Federal Bank of Tennessee’s holdings in AT&T were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AT&T during the second quarter worth about $44,000. AMF Tjanstepension AB grew its stake in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares during the last quarter. Czech National Bank grew its stake in shares of AT&T by 6.9% during the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after acquiring an additional 94,312 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of AT&T by 27.1% during the third quarter. Harbor Investment Advisory LLC now owns 13,740 shares of the technology company’s stock worth $302,000 after acquiring an additional 2,932 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 purchasing an additional 37,162 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.2 %

Shares of T opened at $23.74 on Monday. 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 Inc. has a one year low of $15.94 and a one year high of $24.98. The stock has a market capitalization 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 stock has a 50 day moving average price of $22.92 and a 200 day moving average price of $21.66.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. Equities research analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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 $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.68%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

Analyst Ratings Changes

A number of research firms recently commented on T. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company decreased their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. Sanford C. Bernstein boosted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.11.

About AT&T

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.