AT&T Inc. (NYSE:T) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its holdings in AT&T Inc. (NYSE:T) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 443,047 shares of the technology company’s stock after selling 8,571 shares during the quarter. Hartford Investment Management Co.’s holdings in AT&T were worth $10,088,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth $30,000. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter worth about $34,000. Finally, Reston Wealth Management LLC purchased a new stake in AT&T during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

NYSE:T opened at $25.16 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $25.18. The firm has a market capitalization of $180.50 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The stock has a fifty day simple moving average of $23.09 and a 200 day simple moving average of $21.90.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

Several analysts have commented on T shares. Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.21.

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.