Trust Investment Advisors Sells 1,372 Shares of AT&T Inc. (NYSE:T)

Trust Investment Advisors lowered its holdings in AT&T Inc. (NYSE:T) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,355 shares of the technology company’s stock after selling 1,372 shares during the period. Trust Investment Advisors’ holdings in AT&T were worth $509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carmel Capital Partners LLC lifted its position in AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares during the last quarter. Lipe & Dalton purchased a new stake in AT&T during the third quarter valued at about $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T during the third quarter valued at about $30,000. FWL Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $31,000. Finally, Financial Freedom LLC bought a new position in AT&T during the 4th quarter worth approximately $34,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Seven equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Stock Up 1.3 %

NYSE T traded up $0.21 on Thursday, reaching $16.33. 29,509,168 shares of the stock traded hands, compared to its average volume of 38,480,293. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.83. The company has a market cap of $116.81 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. The company has a fifty day moving average price of $17.02 and a 200-day moving average price of $16.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed 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. This represents a $1.11 annualized dividend and a yield of 6.80%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

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.