Symphony Financial Ltd. Co. Has $2.33 Million Stock Holdings in AT&T Inc. (NYSE:T)

Symphony Financial Ltd. Co. lowered its position in AT&T Inc. (NYSE:T) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 104,233 shares of the technology company’s stock after selling 2,220 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in AT&T were worth $2,334,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AT&T during the second quarter valued at $44,000. Centaurus Financial Inc. lifted its holdings in AT&T by 4.7% during the 2nd quarter. Centaurus Financial Inc. now owns 44,098 shares of the technology company’s stock worth $843,000 after buying an additional 1,982 shares during the period. Park National Corp OH grew its position in shares of AT&T by 1.4% in the 3rd quarter. Park National Corp OH now owns 62,177 shares of the technology company’s stock valued at $1,368,000 after buying an additional 840 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of AT&T by 19.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 38,959 shares of the technology company’s stock valued at $857,000 after buying an additional 6,314 shares during the period. Finally, AMF Tjanstepension AB increased its stake in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.2 %

Shares of NYSE:T opened at $23.74 on Friday. The stock has a market cap of $170.34 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.59. The business’s 50 day moving average is $22.92 and its 200 day moving average is $21.62. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts forecast that AT&T Inc. will post 2.12 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm 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 $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analysts Set New Price Targets

Several brokerages recently commented on T. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Scotiabank lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Finally, Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.

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.