MMA Asset Management LLC Has $440,000 Stake in AT&T Inc. (NYSE:T)

MMA Asset Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,339 shares of the technology company’s stock after selling 5,903 shares during the quarter. MMA Asset Management LLC’s holdings in AT&T were worth $440,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% in 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 during the period. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC increased its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on T. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Price Performance

Shares of NYSE:T opened at $27.45 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.49. The stock’s 50 day moving average is $23.91 and its 200-day moving average is $22.56. The firm has a market capitalization of $197.01 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS 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 given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

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.