Freedom Together Foundation Has $516,000 Stock Position in AT&T Inc. (NYSE:T)

Freedom Together Foundation decreased its holdings in AT&T Inc. (NYSE:T) by 79.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,668 shares of the technology company’s stock after selling 89,000 shares during the quarter. AT&T makes up 0.1% of Freedom Together Foundation’s investment portfolio, making the stock its 18th biggest holding. Freedom Together Foundation’s holdings in AT&T were worth $516,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth about $28,000. YANKCOM Partnership acquired a new position in AT&T in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Scotiabank restated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company upped their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Royal Bank of Canada boosted their price target on shares of AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Stock Up 1.5 %

T opened at $27.88 on Friday. AT&T Inc. has a twelve month low of $17.11 and a twelve month high of $29.03. The company’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $24.73. The stock has a market cap of $200.61 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.42. 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 (NYSE:T) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 EPS. AT&T’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is currently 68.10%.

About AT&T

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.