AT&T Inc. (NYSE:T) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 71.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,848 shares of the technology company's stock after selling 208,166 shares during the period. Nichols & Pratt Advisers LLP MA's holdings in AT&T were worth $1,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Washington Capital Management Inc. purchased a new stake in AT&T in the 3rd quarter valued at approximately $370,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in AT&T by 54.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,280,344 shares of the technology company's stock valued at $34,251,000 after purchasing an additional 805,307 shares in the last quarter. NBT Bank N A NY increased its holdings in AT&T by 18.0% in the 3rd quarter. NBT Bank N A NY now owns 109,302 shares of the technology company's stock valued at $1,642,000 after purchasing an additional 16,681 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in AT&T by 58.9% in the 3rd quarter. Catalyst Financial Partners LLC now owns 18,420 shares of the technology company's stock valued at $277,000 after purchasing an additional 6,827 shares in the last quarter. Finally, Keel Point LLC increased its holdings in AT&T by 12.0% in the 3rd quarter. Keel Point LLC now owns 28,976 shares of the technology company's stock valued at $435,000 after purchasing an additional 3,099 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded AT&T from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Oppenheimer raised AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Friday, January 19th. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Royal Bank of Canada restated a "sector perform" rating and set a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Finally, StockNews.com cut shares of AT&T from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.81.

AT&T Stock Performance

Shares of NYSE:T traded down $0.01 during midday trading on Friday, reaching $17.17. The company had a trading volume of 18,633,174 shares, compared to its average volume of 38,268,777. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The company's 50 day moving average price is $16.99 and its 200 day moving average price is $16.70. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a market cap of $123.11 billion, a P/E ratio of 9.22, a P/E/G ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analysts' expectations of $30.62 billion. During the same period last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal 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 $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.46%. AT&T's dividend payout ratio (DPR) is presently 59.68%.

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.