Tsfg LLC Has $141,000 Stock Position in AT&T Inc. (NYSE:T)

Tsfg LLC cut its holdings in shares of AT&T Inc. (NYSE:T) by 19.9% in the 4th quarter, HoldingsChannel reports. The fund owned 6,208 shares of the technology company’s stock after selling 1,543 shares during the period. Tsfg LLC’s holdings in AT&T were worth $141,000 as of its most recent SEC filing.

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

AT&T Stock Performance

AT&T stock opened at $21.56 on Tuesday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week 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 stock has a market cap of $154.70 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The firm’s fifty day moving average price is $22.81 and its 200-day moving average price is $21.26.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post 2.19 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 3rd. Investors of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. AT&T’s payout ratio is 90.24%.

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Sanford C. Bernstein assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Oppenheimer 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 on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.