Capital Investment Advisors LLC Has $22.36 Million Stake in AT&T Inc. (NYSE:T)

Capital Investment Advisors LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 981,998 shares of the technology company’s stock after selling 31,374 shares during the quarter. Capital Investment Advisors LLC’s holdings in AT&T were worth $22,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Altshuler Shaham Ltd bought a new stake in AT&T in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in AT&T in the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 0.8 %

Shares of NYSE T traded down $0.18 on Monday, reaching $21.51. 8,991,572 shares of the company’s stock traded hands, compared to its average volume of 29,951,148. 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 company has a market cap of $154.34 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The business’s 50 day simple moving average is $22.81 and its two-hundred day simple moving average is $21.24. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts forecast that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.16%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on T shares. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Citigroup increased their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Sanford C. Bernstein began coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.76.

AT&T 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.