Gables Capital Management Inc. Trims Stock Position in AT&T Inc. (NYSE:T)

Gables Capital Management Inc. lessened its position in shares of AT&T Inc. (NYSE:T) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,974 shares of the technology company’s stock after selling 3,321 shares during the quarter. Gables Capital Management Inc.’s holdings in AT&T were worth $910,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in T. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its position in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership purchased a new stake in AT&T in the fourth quarter valued at approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The company has a market capitalization of $195.96 billion, a PE ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average of $24.40 and a two-hundred day moving average of $22.90.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders 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 yield of 4.07%. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank boosted their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

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.