Yousif Capital Management LLC Has $30.37 Million Holdings in AT&T Inc. (NYSE:T)

Yousif Capital Management LLC lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,073,998 shares of the technology company's stock after selling 22,588 shares during the quarter. Yousif Capital Management LLC's holdings in AT&T were worth $30,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new position in AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in AT&T in the fourth quarter valued at $28,000. Finally, Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T stock traded up $0.56 during trading hours on Tuesday, hitting $28.42. 39,923,339 shares of the stock were exchanged, compared to its average volume of 36,665,898. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $204.46 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $25.52.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. TD Securities upped their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Barclays boosted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target 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.