Court Place Advisors LLC Decreases Stock Position in AT&T Inc. (NYSE:T)

Court Place Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,446 shares of the technology company’s stock after selling 987 shares during the period. Court Place Advisors LLC’s holdings in AT&T were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in AT&T during the 4th quarter valued at $34,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the 3rd quarter worth $35,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of several research analyst reports. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI upped their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein began coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Performance

Shares of NYSE T opened at $24.12 on Tuesday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.37. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $173.05 billion, a PE ratio of 19.61, a P/E/G ratio of 3.50 and a beta of 0.59. The stock has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $21.48.

AT&T (NYSE:T) last released its quarterly 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 7.42%. On average, equities research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.60%. AT&T’s dividend payout ratio (DPR) is 90.24%.

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.