AT&T Inc. (NYSE:T) Position Reduced by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. reduced its position in shares of AT&T Inc. (NYSE:T) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,114 shares of the technology company’s stock after selling 1,970 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in AT&T were worth $435,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of T. Passumpsic Savings Bank grew its stake in shares of AT&T by 3.3% in the 4th quarter. Passumpsic Savings Bank now owns 17,943 shares of the technology company’s stock worth $409,000 after purchasing an additional 574 shares during the last quarter. Transcend Capital Advisors LLC boosted its holdings in AT&T by 32.9% during the fourth quarter. Transcend Capital Advisors LLC now owns 54,400 shares of the technology company’s stock worth $1,239,000 after buying an additional 13,470 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in AT&T by 4.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 32,374 shares of the technology company’s stock worth $737,000 after buying an additional 1,379 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in AT&T by 21.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 35,911 shares of the technology company’s stock worth $818,000 after buying an additional 6,252 shares during the last quarter. Finally, Compass Capital Corp MA ADV bought a new position in shares of AT&T in the fourth quarter valued at $214,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the subject of several research reports. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. 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 research note on Thursday, February 13th. Finally, 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 report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.9 %

T opened at $26.64 on Friday. The company has a market capitalization of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.72. The business has a 50-day moving average of $23.50 and a 200-day moving average of $22.28.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is presently 74.50%.

AT&T Company Profile

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.