Nelson Roberts Investment Advisors LLC lessened its position in AT&T Inc. (NYSE:T) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,456 shares of the technology company’s stock after selling 2,509 shares during the quarter. AT&T accounts for 1.6% of Nelson Roberts Investment Advisors LLC’s portfolio, making the stock its 24th largest position. Nelson Roberts Investment Advisors LLC’s holdings in AT&T were worth $7,599,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its stake in AT&T by 246.4% in the 4th quarter. Western Wealth Management LLC now owns 422,217 shares of the technology company’s stock worth $16,249,000 after buying an additional 300,329 shares during the period. Cypress Capital LLC increased its stake in AT&T by 3.9% in the 4th quarter. Cypress Capital LLC now owns 24,688 shares of the technology company’s stock worth $965,000 after buying an additional 929 shares during the period. Gamble Jones Investment Counsel increased its stake in AT&T by 4.2% in the 4th quarter. Gamble Jones Investment Counsel now owns 9,647 shares of the technology company’s stock worth $377,000 after buying an additional 390 shares during the period. Vestor Capital LLC increased its stake in AT&T by 5.8% in the 4th quarter. Vestor Capital LLC now owns 451,136 shares of the technology company’s stock worth $17,630,000 after buying an additional 24,704 shares during the period. Finally, Firestone Capital Management purchased a new position in AT&T in the 4th quarter worth about $798,000. Hedge funds and other institutional investors own 54.14% of the company’s stock.
NYSE T traded down $0.51 during trading on Friday, reaching $35.22. 120,886,445 shares of the company’s stock traded hands, compared to its average volume of 35,916,883. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $252.63 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. The company’s 50 day simple moving average is $38.14 and its two-hundred day simple moving average is $37.71. AT&T Inc. has a 12-month low of $29.67 and a 12-month high of $39.70.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.52 dividend. The ex-dividend date was Thursday, January 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.91%. This is an increase from AT&T’s previous quarterly dividend of $0.51. AT&T’s payout ratio is presently 58.26%.
In other news, Director Stephen J. Luczo acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $37.81 per share, with a total value of $3,781,000.00. 0.07% of the stock is owned by insiders.
Several research firms recently commented on T. Royal Bank of Canada reaffirmed a “hold” rating and issued a $38.00 price target on shares of AT&T in a research note on Thursday, January 30th. UBS Group raised their price target on shares of AT&T from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. ValuEngine downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. AT&T has an average rating of “Hold” and an average target price of $40.03.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
Further Reading: What is a stock split?
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.