GFS Advisors LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

GFS Advisors LLC cut its holdings in AT&T Inc. (NYSE:T) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,270 shares of the technology company’s stock after selling 17,335 shares during the quarter. GFS Advisors LLC’s holdings in AT&T were worth $3,399,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of AT&T by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after purchasing an additional 3,630,972 shares during the last quarter. FMR LLC lifted its position in AT&T by 1.9% in the third quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock worth $1,341,693,000 after buying an additional 1,149,688 shares during the last quarter. Swiss National Bank boosted its stake in AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after buying an additional 104,700 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in AT&T by 7.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company’s stock valued at $378,807,000 after acquiring an additional 1,206,330 shares during the last quarter. Finally, National Pension Service raised its stake in shares of AT&T by 15.8% in the third quarter. National Pension Service now owns 15,769,707 shares of the technology company’s stock valued at $346,934,000 after acquiring an additional 2,152,016 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.2 %

AT&T stock opened at $23.74 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The business has a fifty day moving average of $22.91 and a two-hundred day moving average of $21.59. The firm has a market cap of $170.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. On average, analysts forecast that AT&T Inc. will post 2.12 earnings per share 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 dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.68%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lifted 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. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $26.11.

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.