John G Ullman & Associates Inc. Sells 1,873 Shares of AT&T Inc. (NYSE:T)

John G Ullman & Associates Inc. cut its holdings in AT&T Inc. (NYSE:T) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 27,191 shares of the technology company’s stock after selling 1,873 shares during the period. John G Ullman & Associates Inc.’s holdings in AT&T were worth $456,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of T. Carmel Capital Partners LLC grew its stake in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the last quarter. Lipe & Dalton purchased a new stake in AT&T in the third quarter worth about $30,000. Ramirez Asset Management Inc. purchased a new stake in AT&T in the third quarter worth about $30,000. FWL Investment Management LLC purchased a new stake in AT&T in the fourth quarter worth about $31,000. Finally, Financial Freedom LLC purchased a new stake in AT&T in the fourth quarter worth about $34,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 1.1 %

T stock opened at $16.51 on Friday. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.72. The business has a fifty day moving average price of $17.00 and a 200-day moving average price of $16.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The stock has a market capitalization of $118.09 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.46 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is currently 56.63%.

Analysts Set New Price Targets

Several analysts have commented on T shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Citigroup lifted their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.