AT&T Inc. (NYSE:T) Stock Position Decreased by Beacon Capital Management LLC

Beacon Capital Management LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 20.6% during the fourth quarter, Holdings Channel reports. The firm owned 15,453 shares of the technology company’s stock after selling 4,013 shares during the quarter. Beacon Capital Management LLC’s holdings in AT&T were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter worth approximately $25,000. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE grew 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 buying an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the fourth quarter valued at $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T during the third quarter valued at $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T opened at $25.88 on Friday. The firm has a market capitalization of $185.66 billion, a PE ratio of 17.37, 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 $25.93. The firm’s fifty day simple moving average is $23.23 and its 200 day simple moving average is $22.04.

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%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.