Cohen Capital Management Inc. Decreases Stake in AT&T Inc. (NYSE:T)

Cohen Capital Management Inc. lessened its stake in shares of AT&T Inc. (NYSE:T) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,986 shares of the technology company’s stock after selling 789 shares during the quarter. Cohen Capital Management Inc.’s holdings in AT&T were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter worth approximately $30,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of 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 valued at $29,000 after buying an additional 841 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on T. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Argus upgraded 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 Thursday, January 16th. Barclays increased their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Up 1.9 %

AT&T stock opened at $26.64 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.72. The stock has a fifty day simple moving average of $23.50 and a two-hundred day simple moving average of $22.30. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 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.