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

Freedom Together Foundation decreased its position in AT&T Inc. (NYSE:T - Free Report) by 79.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,668 shares of the technology company's stock after selling 89,000 shares during the quarter. AT&T makes up 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% during the fourth 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. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter worth $30,000. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T in the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

NYSE T traded up $0.41 on Friday, hitting $27.88. The company had a trading volume of 29,202,762 shares, compared to its average volume of 36,503,549. The company has a market capitalization of $200.61 billion, a PE ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $27.15 and its 200-day moving average price is $24.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 12-month low of $17.11 and a 12-month high of $29.03.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

T has been the subject of several research reports. Williams Trading set a $30.00 price objective on shares of AT&T in a research report on Thursday, April 24th. Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. TD Securities raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.