Founders Financial Alliance LLC Sells 4,214 Shares of AT&T Inc. (NYSE:T)

Founders Financial Alliance LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 82,047 shares of the technology company’s stock after selling 4,214 shares during the quarter. Founders Financial Alliance LLC’s holdings in AT&T were worth $1,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Global View Capital Management LLC purchased a new position in AT&T in the 4th quarter worth $266,000. King Luther Capital Management Corp grew its stake in shares of AT&T by 11.3% during the fourth quarter. King Luther Capital Management Corp now owns 1,650,502 shares of the technology company’s stock valued at $37,582,000 after buying an additional 167,512 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of AT&T by 13.5% during the fourth quarter. Sage Mountain Advisors LLC now owns 37,813 shares of the technology company’s stock valued at $861,000 after buying an additional 4,493 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of AT&T in the 4th quarter valued at about $208,000. Finally, Vista Investment Partners II LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $340,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $27.30 on Tuesday. The company’s fifty day moving average price is $24.40 and its 200-day moving average price is $22.90. The stock has a market cap of $195.96 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal 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 paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.07%. AT&T’s payout ratio is currently 74.50%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Finally, Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.74.

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.