Keb Asset Management LLC Has $239,000 Holdings in AT&T Inc. (NYSE:T)

Keb Asset Management LLC decreased its stake in AT&T Inc. (NYSE:T) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,467 shares of the technology company’s stock after selling 677 shares during the quarter. Keb Asset Management LLC’s holdings in AT&T were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of T. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Yoffe Investment Management LLC bought a new stake in AT&T during the 4th quarter worth approximately $213,000. FIL Ltd increased its holdings in AT&T by 6.7% during the 4th quarter. FIL Ltd now owns 46,158 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 2,897 shares in the last quarter. Advisory Services Network LLC increased its holdings in AT&T by 31.9% during the 4th quarter. Advisory Services Network LLC now owns 400,205 shares of the technology company’s stock valued at $9,113,000 after purchasing an additional 96,684 shares in the last quarter. Finally, Faithward Advisors LLC raised its position in AT&T by 8.5% in the 4th quarter. Faithward Advisors LLC now owns 28,720 shares of the technology company’s stock valued at $654,000 after purchasing an additional 2,246 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.1%

NYSE T opened at $27.47 on Thursday. AT&T Inc. has a 12 month low of $18.97 and a 12 month high of $29.19. The stock has a 50-day simple moving average of $27.81 and a 200 day simple moving average of $26.93. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $196.45 billion, a PE ratio of 15.61, a P/E/G ratio of 3.44 and a beta of 0.42.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s dividend payout ratio is presently 63.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on T. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Bank of America began coverage on shares of AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.66.

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.