Louisiana State Employees Retirement System Trims Holdings in AT&T Inc. (NYSE:T)

Louisiana State Employees Retirement System lowered its position in AT&T Inc. (NYSE:T) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 385,900 shares of the technology company’s stock after selling 17,800 shares during the period. Louisiana State Employees Retirement System’s holdings in AT&T were worth $8,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of T. AMF Tjanstepension AB boosted its stake in shares of AT&T by 305.1% in the third 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 last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in AT&T by 21.2% in the third quarter. Redhawk Wealth Advisors Inc. now owns 30,358 shares of the technology company’s stock valued at $668,000 after acquiring an additional 5,320 shares during the period. ORG Wealth Partners LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $72,000. Fiduciary Alliance LLC grew its stake in shares of AT&T by 66.8% during the 3rd quarter. Fiduciary Alliance LLC now owns 19,924 shares of the technology company’s stock worth $438,000 after purchasing an additional 7,978 shares during the period. Finally, CX Institutional increased its holdings in shares of AT&T by 802.0% during the 3rd quarter. CX Institutional now owns 288,802 shares of the technology company’s stock valued at $6,354,000 after purchasing an additional 256,785 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

Shares of NYSE T opened at $25.16 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $23.09 and its two-hundred day moving average is $21.90. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.18. The firm has a market cap of $180.50 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Research analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

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 dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.41%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Scotiabank boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.21.

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.