Two Sigma Advisers LP Sells 173,900 Shares of AT&T Inc. (NYSE:T)

Two Sigma Advisers LP reduced its holdings in AT&T Inc. (NYSE:T - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 757,000 shares of the technology company's stock after selling 173,900 shares during the quarter. Two Sigma Advisers LP's holdings in AT&T were worth $17,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in T. Hennion & Walsh Asset Management Inc. purchased a new position in shares of AT&T during the 4th quarter worth approximately $258,000. Diversify Wealth Management LLC grew its stake in AT&T by 16.1% in the fourth quarter. Diversify Wealth Management LLC now owns 21,155 shares of the technology company's stock worth $459,000 after purchasing an additional 2,936 shares during the period. Harbor Investment Advisory LLC grew its stake in AT&T by 24.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 17,124 shares of the technology company's stock worth $390,000 after purchasing an additional 3,384 shares during the period. Pure Financial Advisors LLC raised its holdings in AT&T by 11.9% in the fourth quarter. Pure Financial Advisors LLC now owns 22,896 shares of the technology company's stock worth $521,000 after purchasing an additional 2,433 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in AT&T by 8.0% during the fourth quarter. Ballentine Partners LLC now owns 89,130 shares of the technology company's stock valued at $2,029,000 after buying an additional 6,574 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T traded up $0.22 during trading hours on Monday, reaching $27.45. The company had a trading volume of 31,763,115 shares, compared to its average volume of 36,810,863. The firm's 50 day moving average price is $27.30 and its 200-day moving average price is $25.13. The firm has a market cap of $197.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.42. 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 52 week low of $17.11 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $30.39 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The company's revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Oppenheimer lifted their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of "Moderate Buy" and an average target price of $28.71.

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.