Vicus Capital Sells 7,367 Shares of AT&T Inc. (NYSE:T)

Vicus Capital reduced its position in shares of AT&T Inc. (NYSE:T) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,118 shares of the technology company’s stock after selling 7,367 shares during the period. Vicus Capital’s holdings in AT&T were worth $891,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter worth about $25,000. YANKCOM Partnership bought a new stake in AT&T in the fourth quarter worth about $30,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter worth about $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T in the third quarter worth about $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on T shares. Barclays lifted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Oppenheimer initiated 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 for the company. Wells Fargo & Company reduced their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company 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, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Trading Up 1.0 %

NYSE:T opened at $25.63 on Friday. The company has a fifty day moving average of $23.15 and a 200 day moving average of $21.96. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $25.74. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $183.87 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.33%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.