Azimuth Capital Investment Management LLC Sells 4,625 Shares of AT&T Inc. (NYSE:T)

Azimuth Capital Investment Management LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 194,985 shares of the technology company’s stock after selling 4,625 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in AT&T were worth $4,440,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of T. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter worth $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. Endeavor Private Wealth Inc. bought a new position in AT&T during the 4th quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in AT&T during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of a number of recent analyst reports. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a research report on Thursday, February 13th. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup restated a “buy” rating on shares of AT&T in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Stock Performance

Shares of T opened at $26.50 on Thursday. The company has a market cap of $190.22 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 3.00 and a beta of 0.42. The business’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $23.90. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings data 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%. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.19%. AT&T’s dividend payout ratio (DPR) is 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.