LVM Capital Management Ltd. MI Sells 33,241 Shares of AT&T Inc. (NYSE:T)

LVM Capital Management Ltd. MI lowered its stake in AT&T Inc. (NYSE:T) by 52.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,424 shares of the technology company’s stock after selling 33,241 shares during the period. LVM Capital Management Ltd. MI’s holdings in AT&T were worth $693,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in T. Strategic Financial Concepts LLC increased its stake in shares of AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after purchasing an additional 91,578 shares during the period. Quest Partners LLC increased its position in AT&T by 5,378.3% in the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after buying an additional 3,711 shares during the period. MGO One Seven LLC lifted its holdings in shares of AT&T by 1.6% during the second quarter. MGO One Seven LLC now owns 122,826 shares of the technology company’s stock worth $2,347,000 after buying an additional 1,936 shares during the last quarter. LPL Financial LLC boosted its position in shares of AT&T by 0.7% in the second quarter. LPL Financial LLC now owns 8,924,668 shares of the technology company’s stock valued at $170,550,000 after acquiring an additional 61,850 shares during the period. Finally, Campbell Wealth Management grew its stake in shares of AT&T by 15.5% in the second quarter. Campbell Wealth Management now owns 14,681 shares of the technology company’s stock worth $281,000 after acquiring an additional 1,971 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.0 %

AT&T stock traded down $0.22 during mid-day trading on Friday, hitting $21.68. 20,217,718 shares of the company’s stock were exchanged, compared to its average volume of 29,927,418. The company’s 50 day simple moving average is $22.82 and its 200-day simple moving average is $21.18. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $155.56 billion, a P/E ratio of 17.63, a PEG ratio of 3.60 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the previous year, the business posted $0.64 EPS. AT&T’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.12%. AT&T’s payout ratio is presently 90.24%.

Analysts Set New Price Targets

Several research firms have issued reports on T. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company dropped their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $25.76.

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.