AT&T Inc. (NYSE:T) Shares Sold by Man Group plc

Man Group plc lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 81.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,965 shares of the technology company's stock after selling 822,936 shares during the quarter. Man Group plc's holdings in AT&T were worth $4,280,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC boosted its position in 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 period. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Sanford C. Bernstein boosted their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $28.00 to $31.00 and gave the stock 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 note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Down 1.1%

Shares of NYSE:T opened at $27.47 on Thursday. The company's fifty day moving average is $27.28 and its two-hundred day moving average is $25.01. 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 Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. The stock has a market capitalization of $197.63 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth 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 earnings per share 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 business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the company earned $0.55 EPS. AT&T's revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. AT&T's payout ratio is currently 68.10%.

AT&T 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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