Ifrah Financial Services Inc. Reduces Stock Position in AT&T Inc. (NYSE:T)

Ifrah Financial Services Inc. trimmed its holdings in AT&T Inc. (NYSE:T) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 20,843 shares of the technology company’s stock after selling 1,070 shares during the quarter. Ifrah Financial Services Inc.’s holdings in AT&T were worth $475,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake 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 in the last quarter. YANKCOM Partnership acquired a new position in AT&T during the fourth quarter worth $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the fourth quarter valued at $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T in the third quarter valued at $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Sanford C. Bernstein raised their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Tigress Financial raised their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Price Performance

T stock opened at $25.88 on Monday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock’s 50 day moving average price is $23.23 and its 200 day moving average price is $22.08. The firm has a market cap of $185.66 billion, a P/E ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59.

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, beating 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%. On average, sell-side analysts expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared 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 4.29%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

AT&T Company 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.