Vaughan David Investments LLC IL Sells 35,274 Shares of AT&T Inc. (NYSE:T)

Vaughan David Investments LLC IL trimmed its holdings in AT&T Inc. (NYSE:TFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,860,854 shares of the technology company’s stock after selling 35,274 shares during the quarter. Vaughan David Investments LLC IL’s holdings in AT&T were worth $31,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Klingman & Associates LLC raised its stake in AT&T by 4.6% during the fourth quarter. Klingman & Associates LLC now owns 19,286 shares of the technology company’s stock worth $324,000 after acquiring an additional 851 shares in the last quarter. Clarius Group LLC raised its stake in AT&T by 9.5% during the fourth quarter. Clarius Group LLC now owns 40,943 shares of the technology company’s stock worth $687,000 after acquiring an additional 3,539 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in AT&T during the fourth quarter worth $61,000. Essex LLC raised its stake in AT&T by 31.0% during the fourth quarter. Essex LLC now owns 86,334 shares of the technology company’s stock worth $1,449,000 after acquiring an additional 20,447 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its stake in AT&T by 10.6% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 11,959 shares of the technology company’s stock worth $201,000 after acquiring an additional 1,147 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on T. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

Check Out Our Latest Report on AT&T

AT&T Price Performance

T traded down $0.11 on Friday, reaching $16.31. The stock had a trading volume of 37,577,160 shares, compared to its average volume of 38,433,215. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.99. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $116.66 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.57. The firm has a 50-day moving average of $17.13 and a 200-day moving average of $16.44.

AT&T (NYSE:TGet Free Report) last released its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.81%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

AT&T Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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