AT&T Inc. (NYSE:T) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,199,908 shares of the technology company’s stock after selling 79,519 shares during the period. Yousif Capital Management LLC’s holdings in AT&T were worth $20,134,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Carmel Capital Partners LLC increased its holdings in AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton purchased a new position in AT&T in the 3rd quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T during the third quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC grew its holdings in AT&T by 588.2% in the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $20.50.

AT&T Trading Up 1.2 %

NYSE:T traded up $0.20 during mid-day trading on Tuesday, reaching $16.51. The company’s stock had a trading volume of 47,772,969 shares, compared to its average volume of 38,895,176. 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 stock has a market cap of $118.09 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.49 and a beta of 0.57. The company’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $16.54. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $31.44 billion. During the same period in the prior year, the business posted $0.61 earnings per share. AT&T’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.72%. AT&T’s payout ratio is 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.