AT&T Inc. (NYSE:T) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. decreased its position in AT&T Inc. (NYSE:T) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,067,385 shares of the technology company’s stock after selling 4,129 shares during the quarter. AT&T comprises 2.4% of Godsey & Gibb Inc.’s portfolio, making the stock its 10th largest holding. Godsey & Gibb Inc.’s holdings in AT&T were worth $24,304,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in T. Davidson Kempner Capital Management LP purchased a new position in shares of AT&T in the second quarter valued at approximately $23,888,000. International Assets Investment Management LLC purchased a new position in AT&T in the 4th quarter valued at approximately $14,700,000. Swiss National Bank grew its stake in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after acquiring an additional 104,700 shares in the last quarter. Franklin Resources Inc. increased its position in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the period. Finally, Caprock Group LLC raised its stake in shares of AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after acquiring an additional 30,281 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on T. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Tigress Financial boosted their price objective on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $26.00 in a report on Monday, January 6th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.76.

AT&T Stock Up 0.5 %

Shares of NYSE T opened at $21.90 on Thursday. The business has a 50-day moving average price of $22.80 and a 200 day moving average price of $21.28. The stock has a market cap of $157.14 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last posted 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. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. Equities research analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

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.