Bill Few Associates Inc. Lowers Stock Position in AT&T Inc. (NYSE:T)

Bill Few Associates Inc. lowered its stake in shares of AT&T Inc. (NYSE:T) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,490 shares of the technology company’s stock after selling 1,509 shares during the period. Bill Few Associates Inc.’s holdings in AT&T were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC boosted its stake in AT&T by 169.7% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 27,123 shares of the technology company’s stock valued at $618,000 after acquiring an additional 17,068 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of AT&T by 1.8% in the 4th quarter. Mutual Advisors LLC now owns 266,292 shares of the technology company’s stock worth $5,864,000 after purchasing an additional 4,723 shares in the last quarter. Independent Wealth Network Inc. grew its stake in AT&T by 6.4% during the 4th quarter. Independent Wealth Network Inc. now owns 17,793 shares of the technology company’s stock worth $405,000 after buying an additional 1,066 shares during the last quarter. Janney Montgomery Scott LLC increased its position in AT&T by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,254,967 shares of the technology company’s stock valued at $51,346,000 after buying an additional 22,342 shares in the last quarter. Finally, Marino Stram & Associates LLC boosted its holdings in AT&T by 4.0% in the fourth quarter. Marino Stram & Associates LLC now owns 13,477 shares of the technology company’s stock worth $307,000 after acquiring an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One research 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 stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Price Performance

Shares of NYSE T opened at $22.34 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $160.30 billion, a PE ratio of 18.16, a PEG ratio of 3.53 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The firm has a fifty day moving average of $22.80 and a 200 day moving average of $21.40.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period last year, the company posted $0.64 EPS. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

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.