AT&T Inc. (NYSE:T) Position Decreased by Donoghue Forlines LLC

Key Points

• Donoghue Forlines LLC reduced its stake in AT&T by 8.3% during the first quarter, now holding 144,146 shares valued at approximately $4.08 million.
• AT&T recently declared a quarterly dividend of $0.2775 per share, yielding about 4.0% annually, with a payout ratio of 63.07%.
• Equity analysts have revised price targets for AT&T, with a consensus rating of "Moderate Buy" and an average target price of $29.66.

Donoghue Forlines LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,146 shares of the technology company's stock after selling 13,067 shares during the period. AT&T comprises approximately 1.3% of Donoghue Forlines LLC's portfolio, making the stock its 7th largest position. Donoghue Forlines LLC's holdings in AT&T were worth $4,076,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Yoffe Investment Management LLC bought a new position in AT&T in the fourth quarter worth about $213,000. FIL Ltd raised its stake in AT&T by 6.7% in the fourth quarter. FIL Ltd now owns 46,158 shares of the technology company's stock worth $1,051,000 after buying an additional 2,897 shares in the last quarter. F M Investments LLC raised its stake in AT&T by 62.7% in the fourth quarter. F M Investments LLC now owns 15,798 shares of the technology company's stock worth $360,000 after buying an additional 6,086 shares in the last quarter. Finally, Scotia Capital Inc. raised its stake in AT&T by 1.5% in the fourth quarter. Scotia Capital Inc. now owns 729,046 shares of the technology company's stock worth $16,601,000 after buying an additional 10,547 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Royal Bank Of Canada raised their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley raised their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.66.

AT&T Stock Performance

T stock traded up $0.02 on Friday, hitting $28.08. The company had a trading volume of 23,594,470 shares, compared to its average volume of 34,716,284. AT&T Inc. has a 12-month low of $18.97 and a 12-month high of $29.19. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock's 50-day simple moving average is $27.83 and its 200 day simple moving average is $27.04. The stock has a market cap of $200.78 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 3.48 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was up 3.4% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, July 10th. AT&T's dividend payout ratio (DPR) is currently 63.07%.

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.