AT&T Inc. (NYSE:T) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in AT&T Inc. (NYSE:T) by 1.7% during the fourth quarter, HoldingsChannel reports. The fund owned 1,096,586 shares of the technology company’s stock after selling 19,176 shares during the period. Yousif Capital Management LLC’s holdings in AT&T were worth $24,969,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted 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 purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the fourth quarter worth $34,000. Reston Wealth Management LLC acquired a new position in AT&T during the third quarter worth $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T during the third quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T stock opened at $24.26 on Wednesday. The stock’s 50-day moving average is $22.94 and its two-hundred day moving average is $21.70. The firm has a market cap of $174.05 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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 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%. Analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada increased their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group increased their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Evercore ISI increased their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. One investment 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. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.21.

AT&T Company 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.