Carnegie Lake Advisors LLC Trims Stake in AT&T Inc. (NYSE:T)

Carnegie Lake Advisors LLC cut its stake in AT&T Inc. (NYSE:T) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,488 shares of the technology company’s stock after selling 550 shares during the period. Carnegie Lake Advisors LLC’s holdings in AT&T were worth $1,241,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in 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 worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new stake in AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of AT&T during the third quarter valued at approximately $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. UBS Group upped their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup increased their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank lifted their price target on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Tigress Financial lifted their target price 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Up 1.3 %

AT&T stock opened at $24.86 on Tuesday. The firm has a market capitalization of $178.38 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.79 and a beta of 0.59. The stock’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $21.86. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. 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 (NYSE:T) last posted 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 net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.47%. AT&T’s dividend payout ratio is currently 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.