AT&T Inc. (NYSE:T) is Arnhold LLC's 4th Largest Position

Arnhold LLC reduced its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,605,446 shares of the technology company's stock after selling 149,627 shares during the quarter. AT&T comprises approximately 3.6% of Arnhold LLC's portfolio, making the stock its 4th largest holding. Arnhold LLC's holdings in AT&T were worth $36,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UP Strategic Wealth Investment Advisors LLC boosted its stake in shares of AT&T by 7.4% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 14,106 shares of the technology company's stock worth $321,000 after buying an additional 966 shares during the period. Hayek Kallen Investment Management lifted its position in AT&T by 2.7% during the 4th quarter. Hayek Kallen Investment Management now owns 61,896 shares of the technology company's stock worth $1,409,000 after acquiring an additional 1,625 shares during the period. Two Sigma Securities LLC grew its stake in shares of AT&T by 306.0% in the 4th quarter. Two Sigma Securities LLC now owns 13,281 shares of the technology company's stock valued at $302,000 after purchasing an additional 19,729 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of AT&T by 2.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 582,923 shares of the technology company's stock valued at $13,273,000 after purchasing an additional 13,680 shares during the period. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of AT&T by 0.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 427,527 shares of the technology company's stock worth $9,735,000 after purchasing an additional 1,673 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.4 %

AT&T stock traded up $0.11 during midday trading on Tuesday, hitting $27.37. 11,065,001 shares of the company were exchanged, compared to its average volume of 36,356,910. AT&T Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market cap of $196.43 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $26.98 and its 200-day moving average price is $24.39.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the company earned $0.55 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Barclays increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday. Argus raised 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. Finally, Tigress Financial increased their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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.