Flagship Harbor Advisors LLC Has $1.57 Million Holdings in AT&T Inc. (NYSE:T)

Flagship Harbor Advisors LLC trimmed its stake in AT&T Inc. (NYSE:T) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,875 shares of the technology company’s stock after selling 642 shares during the period. Flagship Harbor Advisors LLC’s holdings in AT&T were worth $1,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in AT&T in the 2nd quarter valued at $44,000. Scientech Research LLC acquired a new stake in shares of AT&T during the 2nd quarter valued at about $219,000. Oliver Lagore Vanvalin Investment Group increased its stake in AT&T by 29.2% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 5,117 shares of the technology company’s stock valued at $98,000 after acquiring an additional 1,155 shares during the period. Kathmere Capital Management LLC acquired a new position in AT&T in the second quarter worth about $208,000. Finally, Driehaus Capital Management LLC bought a new position in AT&T during the second quarter worth about $237,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on T shares. Evercore ISI raised their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Stock Performance

T stock opened at $22.69 on Monday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a market cap of $162.77 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The business’s fifty day moving average is $22.80 and its 200-day moving average is $21.46.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.