AT&T Inc. (NYSE:T) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,315,994 shares of the technology company's stock after selling 249,979 shares during the period. National Bank of Canada FI's holdings in AT&T were worth $57,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC raised its holdings in AT&T by 46.0% in the third quarter. Miracle Mile Advisors LLC now owns 38,075 shares of the technology company's stock worth $572,000 after purchasing an additional 11,989 shares in the last quarter. Concord Wealth Partners grew its holdings in AT&T by 41.3% in the third quarter. Concord Wealth Partners now owns 17,955 shares of the technology company's stock worth $270,000 after purchasing an additional 5,246 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of AT&T by 21.0% during the third quarter. Lindbrook Capital LLC now owns 35,817 shares of the technology company's stock worth $538,000 after purchasing an additional 6,213 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth $136,000. Finally, Jeppson Wealth Management LLC lifted its holdings in shares of AT&T by 33.4% during the 3rd quarter. Jeppson Wealth Management LLC now owns 181,408 shares of the technology company's stock valued at $2,725,000 after purchasing an additional 45,444 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T traded up $0.03 during trading hours on Friday, hitting $16.85. The stock had a trading volume of 24,023,192 shares, compared to its average volume of 41,324,028. The firm has a 50-day moving average price of $16.97 and a 200 day moving average price of $16.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The firm has a market capitalization of $120.52 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T's payout ratio is 59.68%.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. StockNews.com cut AT&T from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. upgraded shares of AT&T from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Oppenheimer upgraded shares of AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. TheStreet upgraded shares of AT&T from a "c" rating to a "b-" rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.81.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.