tru Independence LLC lessened its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 255,237 shares of the technology company’s stock after selling 11,617 shares during the period. AT&T comprises 1.8% of tru Independence LLC’s investment portfolio, making the stock its 18th largest holding. tru Independence LLC’s holdings in AT&T were worth $5,812,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of T. Chesapeake Wealth Management increased its stake in shares of AT&T by 1.9% during the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock worth $535,000 after purchasing an additional 460 shares during the last quarter. Luts & Greenleigh Group Inc. increased its position in AT&T by 2.8% during the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after buying an additional 460 shares during the last quarter. Socha Financial Group LLC increased its position in AT&T by 2.5% during the third quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock worth $415,000 after buying an additional 461 shares during the last quarter. Garden State Investment Advisory Services LLC increased its position in AT&T by 1.4% during the third quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock worth $759,000 after buying an additional 468 shares during the last quarter. Finally, Essex Savings Bank increased its position in AT&T by 2.3% during the third quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock worth $476,000 after buying an additional 480 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Stock Up 5.4 %
AT&T stock opened at $23.95 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The firm’s fifty day moving average is $22.80 and its 200 day moving average is $21.48. The company has a market capitalization of $171.85 billion, a PE ratio of 19.41, a PEG ratio of 3.50 and a beta of 0.59.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.
Analyst Ratings Changes
Several brokerages have recently weighed in on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. 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. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company decreased their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.
Get Our Latest Stock Report on T
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.
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