Manchester Financial Inc. Has $267,000 Stake in AT&T Inc. (NYSE:T)

Manchester Financial Inc. reduced its holdings in AT&T Inc. (NYSE:T) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,746 shares of the technology company’s stock after selling 426 shares during the period. Manchester Financial Inc.’s holdings in AT&T were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Asset Management One Co. Ltd. lifted its stake in AT&T by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,439,725 shares of the technology company’s stock valued at $78,632,000 after buying an additional 12,931 shares during the period. Avestar Capital LLC increased its stake in shares of AT&T by 11.5% in the 4th quarter. Avestar Capital LLC now owns 41,124 shares of the technology company’s stock valued at $936,000 after acquiring an additional 4,232 shares during the last quarter. Howard Bailey Securities LLC increased its stake in shares of AT&T by 14.9% in the 4th quarter. Howard Bailey Securities LLC now owns 11,844 shares of the technology company’s stock valued at $270,000 after acquiring an additional 1,536 shares during the last quarter. Hemington Wealth Management raised its position in shares of AT&T by 11.5% in the 4th quarter. Hemington Wealth Management now owns 9,394 shares of the technology company’s stock valued at $213,000 after acquiring an additional 970 shares during the period. Finally, TFC Financial Management Inc. boosted its stake in AT&T by 44.8% during the 4th quarter. TFC Financial Management Inc. now owns 4,842 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,499 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. 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. Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Trading Up 1.0 %

AT&T stock opened at $25.63 on Friday. The company has a market cap of $183.87 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.79 and a beta of 0.59. The firm has a 50-day moving average of $23.15 and a 200-day moving average of $21.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $25.74.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is presently 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.