Lido Advisors LLC Sells 48,211 Shares of AT&T Inc. (NYSE:T)

Lido Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 585,772 shares of the technology company's stock after selling 48,211 shares during the quarter. Lido Advisors LLC's holdings in AT&T were worth $13,338,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in AT&T during the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.2 %

T traded down $0.04 during trading on Thursday, reaching $27.66. 37,347,113 shares of the company's stock were exchanged, compared to its average volume of 36,401,949. The company's fifty day moving average price is $27.03 and its 200-day moving average price is $24.43. 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 Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.03. The firm has a market capitalization of $198.53 billion, a PE ratio of 18.56, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 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 analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.01%. AT&T's dividend payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on T shares. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Oppenheimer lifted their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. 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. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Finally, Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday. 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.