Roberts Glore & Co. Inc. IL Reduces Stock Position in AT&T Inc. (NYSE:T)

Roberts Glore & Co. Inc. IL lowered its stake in AT&T Inc. (NYSE:T) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,029 shares of the technology company’s stock after selling 781 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in AT&T were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Frontier Asset Management LLC bought a new position in AT&T in the fourth quarter worth approximately $252,000. OFI Invest Asset Management bought a new position in AT&T in the fourth quarter worth approximately $1,755,000. Axis Wealth Partners LLC bought a new position in AT&T in the fourth quarter worth approximately $481,000. Amundi raised its position in AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock worth $753,318,000 after acquiring an additional 5,614,168 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in AT&T by 18.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 48,567 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 7,394 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $27.15 on Friday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The stock has a market capitalization of $194.85 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average of $24.30 and a 200 day moving average of $22.82. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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

AT&T Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 4.09%. AT&T’s payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Argus upgraded shares of 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. Finally, Scotiabank raised their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.