AT&T Inc. (NYSE:T) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,110 shares of the technology company’s stock after selling 1,931 shares during the period. Marco Investment Management LLC’s holdings in AT&T were worth $708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $28,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T opened at $26.74 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average of $24.22 and a 200-day moving average of $22.75. The firm has a market cap of $191.91 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.15%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. Royal Bank of Canada increased their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Tigress Financial increased their price objective 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. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.74.

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.