AT&T Inc. (NYSE:T) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 22.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,607,912 shares of the technology company's stock after selling 470,206 shares during the period. Gateway Investment Advisers LLC's holdings in AT&T were worth $45,472,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in AT&T by 1.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 240,392 shares of the technology company's stock worth $5,474,000 after purchasing an additional 2,631 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in AT&T by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,331 shares of the technology company's stock worth $14,495,000 after purchasing an additional 159,252 shares during the last quarter. Private Management Group Inc. increased its position in shares of AT&T by 8.2% during the fourth quarter. Private Management Group Inc. now owns 13,802 shares of the technology company's stock worth $314,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Trilogy Capital Inc. lifted its holdings in shares of AT&T by 8.6% during the 4th quarter. Trilogy Capital Inc. now owns 12,565 shares of the technology company's stock valued at $286,000 after purchasing an additional 1,000 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on T shares. Evercore ISI upped their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Barclays boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Finally, Tigress Financial boosted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Stock Up 2.0%

NYSE:T traded up $0.56 during mid-day trading on Tuesday, hitting $28.42. The stock had a trading volume of 39,923,339 shares, compared to its average volume of 36,683,058. 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 twelve month low of $17.42 and a twelve month high of $29.03. The company has a market capitalization of $204.46 billion, a PE ratio of 19.07, a PEG ratio of 3.00 and a beta of 0.41. The stock has a 50-day simple moving average of $27.31 and a two-hundred day simple moving average of $25.54.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, April 10th. 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.