AT&T Inc. (NYSE:T) Stock Position Lessened by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its holdings in AT&T Inc. (NYSE:T) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,737 shares of the technology company’s stock after selling 2,380 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in AT&T were worth $1,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $14,700,000. Swiss National Bank lifted its holdings in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after buying an additional 104,700 shares during the period. Franklin Resources Inc. lifted its holdings in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares during the period. Consolidated Planning Corp lifted its holdings in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Tigress Financial upped their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on AT&T from $26.00 to $27.00 and gave the company 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Performance

Shares of NYSE T opened at $26.65 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $191.26 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The business’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $22.43. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.16.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS 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%. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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