AT&T Inc. (NYSE:T) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 9.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 243,165 shares of the technology company’s stock after selling 25,881 shares during the period. Roffman Miller Associates Inc. PA’s holdings in AT&T were worth $4,080,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in T. Newport Trust Company LLC grew its holdings in AT&T by 0.3% in the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares in the last quarter. Northern Trust Corp grew its holdings in AT&T by 2.5% in the 3rd quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AT&T by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 60,270,173 shares of the technology company’s stock valued at $905,258,000 after buying an additional 334,222 shares in the last quarter. FMR LLC grew its holdings in AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after buying an additional 32,558,342 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after buying an additional 34,189,954 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T traded up $0.22 during trading on Friday, reaching $16.80. 21,252,136 shares of the stock were exchanged, compared to its average volume of 39,200,977. The business’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $16.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market capitalization of $120.17 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 2.54 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, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, equities research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.61%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on T. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays increased their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Finally, StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

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.