AT&T Inc. (NYSE:T) Shares Sold by Bellevue Asset Management LLC

Bellevue Asset Management LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,171 shares of the technology company’s stock after selling 709 shares during the period. Bellevue Asset Management LLC’s holdings in AT&T were worth $49,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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. 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. YANKCOM Partnership purchased a new stake in AT&T in the fourth quarter valued at approximately $30,000. Finally, 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. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.1 %

Shares of AT&T stock opened at $26.19 on Thursday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market cap of $188.03 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a 50-day moving average of $24.14 and a two-hundred day moving average of $22.72.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley raised 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 report on Monday, December 16th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Scotiabank upped their price objective on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday. Finally, Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.74.

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.