Bfsg LLC Sells 2,159 Shares of AT&T Inc. (NYSE:T)

Bfsg LLC lowered its holdings in AT&T Inc. (NYSE:T) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,838 shares of the technology company’s stock after selling 2,159 shares during the quarter. Bfsg LLC’s holdings in AT&T were worth $6,326,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. YANKCOM Partnership acquired a new stake in shares of AT&T during the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC acquired a new position in shares of AT&T in the third quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on T. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Tigress Financial raised their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Trading Up 1.0 %

Shares of T opened at $25.88 on Tuesday. The stock’s fifty day simple moving average is $23.23 and its 200-day simple moving average is $22.08. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $185.66 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $25.93.

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 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%. As a group, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.29%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.