Advisory Alpha LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

Advisory Alpha LLC cut its holdings in AT&T Inc. (NYSE:T - Free Report) by 69.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,522 shares of the technology company's stock after selling 57,172 shares during the quarter. Advisory Alpha LLC's holdings in AT&T were worth $722,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Legacy Financial Strategies LLC purchased a new stake in AT&T in the first quarter worth about $241,000. Doliver Advisors LP purchased a new stake in AT&T in the first quarter worth about $232,000. St. Louis Financial Planners Asset Management LLC purchased a new stake in AT&T in the first quarter worth about $367,000. Welch Group LLC lifted its stake in AT&T by 1.1% in the first quarter. Welch Group LLC now owns 86,351 shares of the technology company's stock worth $2,433,000 after acquiring an additional 979 shares during the period. Finally, Tompkins Financial Corp raised its holdings in AT&T by 6.5% in the first quarter. Tompkins Financial Corp now owns 41,652 shares of the technology company's stock worth $1,178,000 after purchasing an additional 2,553 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Performance

AT&T stock traded up $0.35 during mid-day trading on Friday, hitting $27.73. The company had a trading volume of 47,953,734 shares, compared to its average volume of 36,774,351. 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 Inc. has a 12-month low of $17.42 and a 12-month high of $29.03. The company's fifty day moving average is $27.36 and its 200-day moving average is $25.29. The company has a market capitalization of $199.53 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.00%. AT&T's dividend payout ratio is presently 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.