Brandywine Global Investment Management LLC Sells 861,033 Shares of AT&T Inc. (NYSE:T)

Brandywine Global Investment Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 7.7% in the 4th quarter, Holdings Channel reports. The fund owned 10,388,472 shares of the technology company’s stock after selling 861,033 shares during the period. AT&T accounts for 1.7% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 6th largest holding. Brandywine Global Investment Management LLC’s holdings in AT&T were worth $236,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of a number of research reports. DZ Bank 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 Wednesday, January 29th. UBS Group boosted their price objective 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. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Down 0.0 %

Shares of NYSE:T opened at $28.20 on Friday. The firm has a market cap of $202.40 billion, a P/E ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.51. The business’s 50 day simple moving average is $25.70 and its two-hundred day simple moving average is $23.53. 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 posted 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%. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T’s dividend payout ratio is presently 74.50%.

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.