LVM Capital Management Ltd. MI Has $693,000 Stock Holdings in AT&T Inc. (NYSE:T)

LVM Capital Management Ltd. MI decreased its stake in shares of AT&T Inc. (NYSE:T) by 52.2% during the 4th quarter, Holdings Channel reports. The firm 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the third quarter valued at about $35,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $35,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of AT&T during the 2nd quarter worth about $30,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of AT&T stock traded down $0.22 during trading on Friday, reaching $21.68. 20,217,718 shares of the company’s stock were exchanged, compared to its average volume of 29,927,418. The firm’s 50-day moving average price is $22.82 and its 200 day moving average price is $21.18. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap 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 (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on T. Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial boosted their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Evercore ISI increased their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average 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.