AT&T Inc. (NYSE:T) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC lessened its holdings in AT&T Inc. (NYSE:T) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,996 shares of the technology company’s stock after selling 2,032 shares during the period. Donaldson Capital Management LLC’s holdings in AT&T were worth $299,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Solitude Financial Services boosted its position in AT&T by 1.5% during the first quarter. Solitude Financial Services now owns 67,286 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 986 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of AT&T by 6.5% during the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 54,839 shares of the technology company’s stock worth $965,000 after purchasing an additional 3,329 shares during the period. Professional Advisory Services Inc. boosted its holdings in shares of AT&T by 1.2% during the first quarter. Professional Advisory Services Inc. now owns 1,138,677 shares of the technology company’s stock worth $20,041,000 after purchasing an additional 13,158 shares during the last quarter. Cassia Capital Partners LLC grew its position in shares of AT&T by 31.8% in the first quarter. Cassia Capital Partners LLC now owns 39,953 shares of the technology company’s stock valued at $703,000 after purchasing an additional 9,638 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in AT&T by 0.9% during the first quarter. Maryland State Retirement & Pension System now owns 562,151 shares of the technology company’s stock worth $9,045,000 after buying an additional 4,763 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on T shares. Scotiabank upped their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Citigroup boosted their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, January 19th. Finally, Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Stock Performance

AT&T stock traded up $0.17 during mid-day trading on Friday, hitting $16.75. 37,852,681 shares of the company’s stock traded hands, compared to its average volume of 39,190,348. The company has a market cap of $119.81 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The firm has a 50 day moving average price of $16.96 and a 200 day moving average price of $16.56.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during 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%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

AT&T Company 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.