AT&T Inc. (NYSE:T) Shares Sold by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 96.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,608 shares of the technology company’s stock after selling 231,909 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in AT&T were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter valued at approximately $34,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the third quarter worth $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $26.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Up 0.7 %

Shares of T opened at $22.69 on Friday. The stock has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $21.44. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $162.77 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

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.