Kooman & Associates Sells 878 Shares of AT&T Inc. (NYSE:T)

Kooman & Associates decreased its stake in shares of AT&T Inc. (NYSE:T) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,936 shares of the technology company’s stock after selling 878 shares during the period. Kooman & Associates’ holdings in AT&T were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $28,000. Ritter Daniher Financial Advisory LLC DE increased 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 valued at $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in AT&T during the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $26.64 on Friday. The stock has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59. The company has a fifty day moving average of $23.50 and a 200 day moving average of $22.30. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.72. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders 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 4.17%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Ratings Changes

A number of analysts have commented on T shares. The Goldman Sachs Group upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.