AT&T Inc. (NYSE:T) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 21.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,313 shares of the technology company's stock after selling 22,144 shares during the quarter. Moloney Securities Asset Management LLC's holdings in AT&T were worth $2,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares during the period. Geode Capital Management LLC raised its stake in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the period. GQG Partners LLC raised its stake in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. Norges Bank bought a new stake in AT&T during the 4th quarter valued at approximately $1,858,418,000. Finally, Northern Trust Corp raised its stake in AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares during the period. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Bank of America assumed coverage on AT&T in a research note on Monday. They issued a "buy" rating and a $32.00 price objective on the stock. Tigress Financial lifted their price objective on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company lifted their target price on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued 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 a consensus price target of $29.10.

AT&T Trading Down 0.7%

T traded down $0.19 during trading hours on Thursday, reaching $27.64. 11,381,791 shares of the company's stock traded hands, compared to its average volume of 36,375,910. The firm has a 50-day moving average price of $27.84 and a 200 day moving average price of $26.24. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.19. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $198.85 billion, a PE ratio of 16.95, a PEG ratio of 3.53 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results 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). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.

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.