Duncker Streett & Co. Inc. decreased its holdings in shares of AT&T Inc. (NYSE:T – Get Rating) by 30.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,158 shares of the technology company’s stock after selling 7,875 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in AT&T were worth $447,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Econ Financial Services Corp acquired a new stake in AT&T during the fourth quarter worth $26,000. Atwood & Palmer Inc. acquired a new stake in shares of AT&T in the fourth quarter valued at $29,000. Arlington Partners LLC grew its stake in shares of AT&T by 70.7% in the fourth quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock valued at $31,000 after buying an additional 523 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of AT&T in the fourth quarter valued at $34,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of AT&T in the third quarter valued at $38,000. 51.63% of the stock is owned by institutional investors.
Shares of NYSE:T traded up $0.29 during trading on Thursday, hitting $19.36. 663,822 shares of the stock were exchanged, compared to its average volume of 69,394,109. The company has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $24.03. The company has a market cap of $138.29 billion, a PE ratio of 8.05, a P/E/G ratio of 2.18 and a beta of 0.68. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.97. AT&T Inc. has a 12-month low of $16.62 and a 12-month high of $25.57.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be paid a $0.278 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Wednesday, April 13th. AT&T’s payout ratio is currently 46.84%.
T has been the subject of a number of research reports. Raymond James dropped their price objective on AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 12th. Royal Bank of Canada decreased their target price on AT&T from $30.00 to $20.00 and set a “sector perform” rating for the company in a report on Monday. Tigress Financial lifted their target price on AT&T from $36.00 to $41.00 in a report on Thursday, January 20th. Wolfe Research decreased their target price on AT&T from $29.00 to $27.00 and set a “peer perform” rating for the company in a report on Thursday, January 27th. Finally, Zacks Investment Research lowered AT&T from a “hold” rating to a “strong sell” rating and set a $17.00 target price for the company. in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.73.
About AT&T (Get Rating)
AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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