Sanctuary Advisors LLC Sells 84,520 Shares of AT&T Inc. (NYSE:T)

Sanctuary Advisors LLC lowered its stake in AT&T Inc. (NYSE:T) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,016,423 shares of the technology company’s stock after selling 84,520 shares during the quarter. Sanctuary Advisors LLC’s holdings in AT&T were worth $24,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter valued at approximately $25,000. YANKCOM Partnership bought a new stake in shares of AT&T in the fourth quarter worth $30,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings 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 during the last quarter. Endeavor Private Wealth Inc. bought a new position in AT&T in the fourth quarter valued at $34,000. Finally, Safe Harbor Fiduciary LLC bought 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 Stock Performance

Shares of NYSE:T opened at $25.88 on Tuesday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $25.93. The company’s 50 day moving average price is $23.23 and its two-hundred day moving average price is $22.08. The firm has a market cap of $185.66 billion, a PE ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. 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 (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. Equities research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.29%. AT&T’s dividend payout ratio is 74.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. UBS Group raised their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

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.