Redwood Investment Management LLC Sells 11,370 Shares of AT&T Inc. (NYSE:T)

Redwood Investment Management LLC trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,851 shares of the technology company's stock after selling 11,370 shares during the quarter. Redwood Investment Management LLC's holdings in AT&T were worth $2,046,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Minot DeBlois Advisors LLC acquired a new stake in AT&T in the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% in 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 period. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T during the 4th quarter worth $34,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

NYSE T opened at $26.49 on Thursday. The firm's fifty day moving average price is $27.15 and its two-hundred day moving average price is $24.83. The stock has a market cap of $190.61 billion, a PE ratio of 17.78, a PEG ratio of 3.00 and a beta of 0.42. 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 $17.11 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal 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 issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

AT&T Company 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.

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