Valeo Financial Advisors LLC Reduces Stock Position in AT&T Inc. (NYSE:T)

Valeo Financial Advisors LLC cut its holdings in shares of AT&T Inc. (NYSE:T) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 143,073 shares of the technology company’s stock after selling 922 shares during the quarter. Valeo Financial Advisors LLC’s holdings in AT&T were worth $3,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of T. Blue Trust Inc. increased its holdings in shares of AT&T by 18.8% in the 4th quarter. Blue Trust Inc. now owns 99,506 shares of the technology company’s stock valued at $2,266,000 after acquiring an additional 15,770 shares during the last quarter. Kanawha Capital Management LLC increased its holdings in shares of AT&T by 6.2% in the 4th quarter. Kanawha Capital Management LLC now owns 108,222 shares of the technology company’s stock valued at $2,464,000 after acquiring an additional 6,331 shares during the last quarter. Campbell Wealth Management bought a new stake in shares of AT&T in the 4th quarter valued at approximately $290,000. Asset Planning Inc bought a new stake in shares of AT&T in the 4th quarter valued at approximately $232,000. Finally, DT Investment Partners LLC increased its holdings in shares of AT&T by 161.4% in the 4th quarter. DT Investment Partners LLC now owns 1,890 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,167 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Finally, Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given 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, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Trading Up 1.0 %

Shares of NYSE T opened at $25.88 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $25.93. The company has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $21.99.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate 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 predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is 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.