Fort Washington Investment Advisors Inc. OH Decreases Stock Position in AT&T Inc. (NYSE:T)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,798,044 shares of the technology company's stock after selling 298,245 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in AT&T were worth $79,129,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Sapient Capital LLC grew its stake in shares of AT&T by 1.6% during the 4th quarter. Sapient Capital LLC now owns 37,561 shares of the technology company's stock valued at $855,000 after purchasing an additional 579 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of AT&T during the 4th quarter valued at about $253,000. Sovran Advisors LLC bought a new stake in shares of AT&T during the 4th quarter valued at about $856,000. Finally, Quent Capital LLC grew its stake in shares of AT&T by 14.8% during the 4th quarter. Quent Capital LLC now owns 15,812 shares of the technology company's stock valued at $360,000 after purchasing an additional 2,039 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.5%

AT&T stock traded down $0.14 during mid-day trading on Friday, hitting $28.13. The company's stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,609,472. The company has a 50 day moving average of $27.41 and a 200-day moving average of $25.63. The stock has a market cap of $202.43 billion, a PE ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. 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 one year low of $17.49 and a one year high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced 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 net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the company earned $0.55 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate 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. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Tigress Financial boosted their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company boosted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note 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 given a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

About AT&T

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.