Fort Sheridan Advisors LLC Lowers Stake in AT&T Inc. (NYSE:T)

Fort Sheridan Advisors LLC cut its stake in AT&T Inc. (NYSE:T) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,375 shares of the technology company’s stock after selling 2,071 shares during the period. Fort Sheridan Advisors LLC’s holdings in AT&T were worth $3,766,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in AT&T during the third quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% during the 3rd 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. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

Shares of T stock opened at $26.90 on Friday. The company has a market capitalization of $193.09 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. 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 business’s 50 day moving average is $23.82 and its two-hundred day moving average is $22.49. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced 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. This represents a $1.11 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. UBS Group upped their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.