Sigma Planning Corp Has $5.34 Million Stock Holdings in AT&T Inc. (NYSE:T)

Sigma Planning Corp trimmed its stake in shares of AT&T Inc. (NYSE:T) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,364 shares of the technology company’s stock after selling 20,717 shares during the period. Sigma Planning Corp’s holdings in AT&T were worth $5,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. AMF Tjanstepension AB raised its holdings in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares during the period. Grimes & Company Inc. grew its position in AT&T by 7.2% in the third quarter. Grimes & Company Inc. now owns 33,530 shares of the technology company’s stock valued at $738,000 after purchasing an additional 2,245 shares in the last quarter. Assenagon Asset Management S.A. grew its position in AT&T by 1.3% in the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 3,972 shares in the last quarter. Global Trust Asset Management LLC grew its position in AT&T by 28.1% in the third quarter. Global Trust Asset Management LLC now owns 3,900 shares of the technology company’s stock valued at $86,000 after purchasing an additional 855 shares in the last quarter. Finally, apricus wealth LLC grew its position in AT&T by 4.3% in the third quarter. apricus wealth LLC now owns 78,685 shares of the technology company’s stock valued at $1,731,000 after purchasing an additional 3,265 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 1.9 %

Shares of AT&T stock opened at $26.64 on Friday. The firm has a market capitalization of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. 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 firm’s 50 day moving average is $23.50 and its 200 day moving average is $22.28. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.72.

AT&T (NYSE:T) last announced its quarterly earnings results 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%. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. Royal Bank of Canada lifted their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.33.

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.