AT&T Inc. (NYSE:T) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 13.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 863,792 shares of the technology company’s stock after selling 136,952 shares during the period. Guggenheim Capital LLC’s holdings in AT&T were worth $19,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Marshall Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new position in AT&T in the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the 4th quarter worth $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of AT&T during the 4th quarter worth $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotiabank raised their price objective on shares of AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Citigroup restated a “buy” rating on shares of AT&T in a report on Monday, April 7th. Oppenheimer lifted their price objective on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Finally, Tigress Financial upped their target price on 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, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Trading Up 1.1 %

Shares of T opened at $27.49 on Wednesday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $29.03. The company has a market capitalization of $197.35 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The stock has a fifty day moving average of $26.71 and a two-hundred day moving average of $24.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T’s dividend payout ratio is presently 74.50%.

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.