AT&T Inc. (NYSE:T) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its holdings in shares of AT&T Inc. (NYSE:T) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,862,983 shares of the technology company’s stock after selling 24,244 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of AT&T worth $87,960,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in T. Passumpsic Savings Bank boosted its stake in AT&T by 12.2% in the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company’s stock valued at $382,000 after acquiring an additional 1,893 shares in the last quarter. Sculati Wealth Management LLC lifted its holdings in shares of AT&T by 38.9% in the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 12,772 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of AT&T by 6.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company’s stock valued at $2,848,000 after purchasing an additional 7,394 shares during the last quarter. World Investment Advisors LLC boosted its position in shares of AT&T by 28.4% in the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company’s stock valued at $3,831,000 after purchasing an additional 38,548 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in AT&T by 386.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 266,565 shares of the technology company’s stock worth $5,864,000 after buying an additional 211,723 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on T shares. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Sanford C. Bernstein lifted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their target price on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Finally, Scotiabank raised their price target on AT&T from $28.50 to $29.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.24.

AT&T Stock Up 2.5 %

AT&T stock opened at $26.99 on Wednesday. AT&T Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $29.03. The firm has a market capitalization of $193.74 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The stock’s fifty day moving average is $26.89 and its two-hundred day moving average is $24.22. 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 posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.11%. The ex-dividend date is Thursday, April 10th. AT&T’s payout ratio is 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.