AT&T Inc. $T Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its position in AT&T Inc. (NYSE:T) by 9.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,286,173 shares of the technology company’s stock after selling 230,759 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in AT&T were worth $64,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of T. HM Payson & Co. raised its position in AT&T by 52.8% in the 3rd quarter. HM Payson & Co. now owns 43,087 shares of the technology company’s stock valued at $1,217,000 after purchasing an additional 14,885 shares during the last quarter. Annex Advisory Services LLC grew its position in AT&T by 10.3% during the 3rd quarter. Annex Advisory Services LLC now owns 18,796 shares of the technology company’s stock worth $531,000 after purchasing an additional 1,754 shares during the last quarter. Lakeshore Capital Group Inc. increased its stake in AT&T by 1.6% in the third quarter. Lakeshore Capital Group Inc. now owns 32,002 shares of the technology company’s stock valued at $904,000 after purchasing an additional 517 shares during the period. Goldstone Financial Group LLC raised its holdings in shares of AT&T by 27.7% in the third quarter. Goldstone Financial Group LLC now owns 48,278 shares of the technology company’s stock valued at $1,363,000 after buying an additional 10,476 shares during the last quarter. Finally, Norris Perne & French LLP MI purchased a new stake in shares of AT&T in the third quarter valued at about $271,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on T. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 22nd. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Tuesday, November 11th. Royal Bank Of Canada lowered their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Morgan Stanley cut their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.24.

AT&T Trading Up 0.5%

NYSE:T opened at $24.76 on Tuesday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a fifty day moving average price of $25.04 and a two-hundred day moving average price of $26.98. The stock has a market capitalization of $175.56 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.44 and a beta of 0.38.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.