Paragon Capital Management LLC Sells 1,317 Shares of AT&T Inc. (NYSE:T)

Paragon Capital Management LLC reduced its stake in AT&T Inc. (NYSE:T – Get Rating) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,818 shares of the technology company’s stock after selling 1,317 shares during the period. Paragon Capital Management LLC’s holdings in AT&T were worth $266,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Econ Financial Services Corp acquired a new stake in shares of AT&T in the 4th quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $29,000. Atwood & Palmer Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at about $29,000. Arlington Partners LLC raised its stake in shares of AT&T by 70.7% in the 4th quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 523 shares during the period. Finally, Missouri Trust & Investment Co acquired a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 53.47% of the company’s stock.

A number of research firms recently issued reports on T. Moffett Nathanson began coverage on AT&T in a research report on Tuesday, April 5th. They issued a $19.00 target price on the stock. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Barclays reduced their price target on AT&T from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Royal Bank of Canada reduced their price target on AT&T from $30.00 to $20.00 and set a “sector perform” rating for the company in a report on Monday, April 25th. Finally, Raymond James reduced their price target on AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Hold” and an average target price of $25.73.

Shares of AT&T stock traded up $0.17 during trading on Tuesday, hitting $20.45. The company’s stock had a trading volume of 1,016,030 shares, compared to its average volume of 58,341,992. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.93 and a quick ratio of 0.89. AT&T Inc. has a 52 week low of $16.62 and a 52 week high of $25.57. The stock has a market cap of $146.40 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 2.19 and a beta of 0.58. The stock has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $23.47.

AT&T (NYSE:T – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The technology company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $38.10 billion for the quarter, compared to the consensus estimate of $38.29 billion. AT&T had a net margin of 10.64% and a return on equity of 13.19%. The business’s revenue was down 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. On average, equities analysts predict that AT&T Inc. will post 2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th were given a dividend of $0.278 per share. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.44%. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

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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