Keystone Financial Planning Inc. lowered its position in shares of AT&T Inc. (NYSE:T – Free Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,612 shares of the technology company’s stock after selling 781 shares during the period. AT&T accounts for approximately 1.9% of Keystone Financial Planning Inc.’s portfolio, making the stock its 14th largest position. Keystone Financial Planning Inc.’s holdings in AT&T were worth $6,276,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of AT&T in the second quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new position in shares of AT&T during the third quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.
AT&T Trading Down 0.6 %
T traded down $0.12 during trading on Monday, hitting $21.57. The company’s stock had a trading volume of 20,254,088 shares, compared to its average volume of 31,710,125. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The stock has a market cap of $154.77 billion, a PE ratio of 17.54, a PEG ratio of 3.60 and a beta of 0.59. The firm’s 50 day moving average price is $22.81 and its 200-day moving average price is $21.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on T shares. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research report on Monday, September 16th. Tigress Financial increased their price objective on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI increased their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.76.
Get Our Latest Stock Report on AT&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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