Eudaimonia Advisors LLC Sells 4,037 Shares of AT&T Inc. (NYSE:T)

Eudaimonia Advisors LLC cut its holdings in AT&T Inc. (NYSE:T) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,495 shares of the technology company’s stock after selling 4,037 shares during the period. Eudaimonia Advisors LLC’s holdings in AT&T were worth $713,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC lifted its position in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the last quarter. Lipe & Dalton acquired a new position in AT&T during the 3rd quarter worth $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T during the 3rd quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in AT&T by 588.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock worth $44,000 after acquiring an additional 2,241 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on T. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays upped their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.50.

AT&T Trading Up 1.2 %

T traded up $0.19 during mid-day trading on Tuesday, hitting $16.50. The stock had a trading volume of 47,745,879 shares, compared to its average volume of 38,895,176. The stock’s fifty day simple moving average is $16.99 and its 200-day simple moving average is $16.53. 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 firm has a market capitalization of $118.02 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is presently 56.63%.

About AT&T

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.