AT&T Inc. (NYSE:T) Shares Sold by Citadel Investment Advisory Inc.

Citadel Investment Advisory Inc. decreased its stake in AT&T Inc. (NYSE:TFree Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,025 shares of the technology company’s stock after selling 734 shares during the period. Citadel Investment Advisory Inc.’s holdings in AT&T were worth $470,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of T. Carmel Capital Partners LLC increased its holdings in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $31,000. Financial Freedom LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Lipe & Dalton acquired a new stake in shares of AT&T during the 3rd quarter worth about $30,000. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.5 %

AT&T stock opened at $17.61 on Thursday. The company has a 50-day simple moving average of $17.19 and a 200-day simple moving average of $16.37. The firm has a market capitalization of $125.96 billion, a P/E ratio of 8.98, a P/E/G ratio of 2.64 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a one year low of $13.43 and a one year high of $19.99.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.30%. AT&T’s dividend payout ratio is presently 56.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Barclays lifted their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

Check Out Our Latest Stock Report on T

About AT&T

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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