AT&T Inc. (NYSE:T) Stock Holdings Trimmed by FDx Advisors Inc.

FDx Advisors Inc. cut its stake in shares of AT&T Inc. (NYSE:T) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,625 shares of the technology company’s stock after selling 1,927 shares during the quarter. FDx Advisors Inc.’s holdings in AT&T were worth $447,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter worth approximately $25,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of 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 in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter valued at $34,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the third quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays upped 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. Scotiabank increased their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Trading Down 0.2 %

Shares of NYSE:T opened at $26.18 on Friday. The company has a market cap of $187.95 billion, a P/E ratio of 17.57, a P/E/G ratio of 3.01 and a beta of 0.59. The stock’s 50-day moving average is $23.44 and its 200-day moving average is $22.23. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last issued 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 return on equity of 13.97% and a net margin of 8.95%. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

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.