AT&T Inc. (NYSE:T) Shares Sold by Freedom Together Foundation

Freedom Together Foundation cut its position in shares of AT&T Inc. (NYSE:T - Free Report) by 79.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,668 shares of the technology company's stock after selling 89,000 shares during the quarter. AT&T makes up about 0.1% of Freedom Together Foundation's investment portfolio, making the stock its 18th largest position. Freedom Together Foundation's holdings in AT&T were worth $516,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of T. Vanguard Group Inc. lifted its stake in shares of AT&T by 1.0% in 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 increased its holdings in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC grew its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after acquiring an additional 5,649,277 shares during the period. Finally, Norges Bank bought a new stake in AT&T during the fourth quarter valued at about $1,858,418,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.4%

T traded down $0.11 during trading on Wednesday, hitting $26.34. 14,594,123 shares of the stock were exchanged, compared to its average volume of 36,623,058. The firm has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $24.81. The firm has a market cap of $189.53 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. 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 (NYSE:T - Get Free Report) last released 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 return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.21%. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

Several analysts recently issued reports on T shares. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Sanford C. Bernstein increased their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.