International Assets Investment Management LLC Has $4.21 Million Stake in AT&T Inc. $T

International Assets Investment Management LLC lowered its stake in AT&T Inc. (NYSE:T) by 75.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 145,812 shares of the technology company’s stock after selling 439,000 shares during the quarter. International Assets Investment Management LLC’s holdings in AT&T were worth $4,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Front Row Advisors LLC bought a new stake in AT&T in the second quarter valued at $25,000. Mountain Hill Investment Partners Corp. grew its stake in shares of AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the period. Kennebec Savings Bank increased its position in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares in the last quarter. Solstein Capital LLC increased its position in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares in the last quarter. Finally, Curio Wealth LLC raised its stake in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the subject of several recent research reports. The Goldman Sachs Group decreased their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Sanford C. Bernstein cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Arete Research set a $20.00 price target on shares of AT&T in a research note on Tuesday, January 6th. Wells Fargo & Company lowered their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

AT&T Stock Down 0.1%

Shares of NYSE:T opened at $23.56 on Friday. The stock has a market cap of $166.99 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.29 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $22.54 and a 12-month high of $29.79. The business’s 50 day moving average is $24.62 and its 200 day moving average is $26.44.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same period in the prior year, the firm posted $0.60 EPS. AT&T’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast 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 Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio is presently 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.