AT&T Inc. (NYSE:T) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust trimmed its position in AT&T Inc. (NYSE:T) by 5.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,024 shares of the technology company’s stock after selling 2,974 shares during the period. Parkside Financial Bank & Trust’s holdings in AT&T were worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. raised its holdings in shares of AT&T by 7.5% in the 4th quarter. QRG Capital Management Inc. now owns 1,742,080 shares of the technology company’s stock valued at $39,667,000 after purchasing an additional 121,702 shares in the last quarter. Versor Investments LP acquired a new stake in AT&T during the 4th quarter worth $381,000. Motiv8 Investments LLC acquired a new stake in AT&T during the 4th quarter worth $209,000. Proficio Capital Partners LLC raised its stake in AT&T by 2,552.6% during the 4th quarter. Proficio Capital Partners LLC now owns 546,517 shares of the technology company’s stock worth $12,444,000 after acquiring an additional 525,914 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in AT&T by 5.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,242,755 shares of the technology company’s stock worth $28,298,000 after acquiring an additional 60,520 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.2 %

Shares of NYSE T opened at $26.90 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.16. The company has a market capitalization of $193.09 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm’s 50-day moving average is $23.82 and its two-hundred day moving average is $22.49.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

Several equities research analysts recently commented on T shares. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. Citigroup lifted their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. 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 assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

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.