Lakeside Advisors INC. Lowers Position in AT&T Inc. (NYSE:T)

Lakeside Advisors INC. lowered its stake in shares of AT&T Inc. (NYSE:T) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,978 shares of the technology company’s stock after selling 1,666 shares during the quarter. AT&T accounts for 1.5% of Lakeside Advisors INC.’s investment portfolio, making the stock its 17th largest holding. Lakeside Advisors INC.’s holdings in AT&T were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. YANKCOM Partnership bought a new position in AT&T in the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. bought a new position in AT&T in the 4th quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new stake in AT&T during the third quarter worth about $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.2 %

NYSE T opened at $26.18 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock’s 50-day simple moving average is $23.44 and its two-hundred day simple moving average is $22.23. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.35. The company has a market capitalization of $187.95 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several analysts have issued reports on T shares. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Evercore ISI upped their price target on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Finally, Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $26.33.

About AT&T

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.