AT&T Inc. (NYSE:T) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its stake in AT&T Inc. (NYSE:T) by 21.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 297,323 shares of the technology company’s stock after selling 81,032 shares during the quarter. Groupama Asset Managment’s holdings in AT&T were worth $6,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in T. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter worth $28,000. YANKCOM Partnership purchased a new position in shares of AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T in the fourth quarter valued at $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $27.21.

AT&T Stock Up 0.7 %

Shares of NYSE:T opened at $28.49 on Wednesday. The company has a market capitalization of $204.47 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a 50 day moving average of $25.94 and a two-hundred day moving average of $23.64. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.90%. AT&T’s dividend payout ratio (DPR) is 74.50%.

AT&T 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.