National Pension Service Sells 69,018 Shares of AT&T Inc. (NYSE:T)

National Pension Service trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,700,689 shares of the technology company’s stock after selling 69,018 shares during the quarter. National Pension Service owned 0.22% of AT&T worth $357,505,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisor OS LLC lifted its position in AT&T by 8.1% in the fourth quarter. Advisor OS LLC now owns 35,795 shares of the technology company’s stock worth $815,000 after buying an additional 2,674 shares during the last quarter. Denali Advisors LLC raised its stake in shares of AT&T by 360.5% in the fourth quarter. Denali Advisors LLC now owns 355,227 shares of the technology company’s stock valued at $8,089,000 after acquiring an additional 278,090 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of AT&T by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 75,247 shares of the technology company’s stock worth $1,713,000 after acquiring an additional 1,685 shares during the last quarter. Cavalier Investments LLC lifted its holdings in shares of AT&T by 4.3% in the 4th quarter. Cavalier Investments LLC now owns 124,252 shares of the technology company’s stock worth $2,829,000 after acquiring an additional 5,136 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. boosted its stake in shares of AT&T by 3.1% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 33,202 shares of the technology company’s stock worth $756,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.4 %

Shares of AT&T stock opened at $26.65 on Wednesday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.16. The firm’s 50 day moving average price is $23.65 and its 200-day moving average price is $22.43. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market cap of $191.26 billion, a P/E ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on T. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. DZ Bank upgraded 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. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T 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.