AT&T Inc. (NYSE:T) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 14.8% in the 4th quarter, HoldingsChannel reports. The fund owned 41,887 shares of the technology company’s stock after selling 7,269 shares during the period. Nicolet Advisory Services LLC’s holdings in AT&T were worth $909,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T during the third quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new stake in AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the fourth quarter worth about $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T opened at $28.13 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61. The company has a 50-day simple moving average of $26.06 and a 200-day simple moving average of $23.67. The company has a market capitalization of $201.92 billion, a PE ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56.

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 analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. 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. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Citigroup lifted their target price on shares of AT&T from $28.00 to $32.00 and gave the company a “buy” rating in a report on Monday. UBS Group increased their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.21.

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.