AT&T Inc. (NYSE:T) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its stake in AT&T Inc. (NYSE:T - Free Report) by 35.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,025 shares of the technology company's stock after selling 132,170 shares during the period. Schonfeld Strategic Advisors LLC's holdings in AT&T were worth $5,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in T. 1620 Investment Advisors Inc. raised its position in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after acquiring an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th 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. Whittier Trust Co. lifted its stake in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after buying an additional 433 shares in the last quarter. Wealthstream Advisors Inc. grew its holdings in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after buying an additional 444 shares during the last quarter. Finally, Northeast Investment Management increased its position in AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after buying an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on T shares. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

AT&T stock opened at $27.63 on Friday. The firm has a fifty day moving average of $27.06 and a 200-day moving average of $24.52. AT&T Inc. has a 52-week low of $16.73 and a 52-week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $198.33 billion, a P/E ratio of 18.54, a PEG ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. AT&T's payout ratio is currently 68.10%.

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.

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