Fulton Breakefield Broenniman LLC Has $184,000 Holdings in AT&T Inc. (NYSE:T)

Fulton Breakefield Broenniman LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,988 shares of the technology company’s stock after selling 4,120 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in AT&T were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sora Investors LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $11,265,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of AT&T by 2.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after purchasing an additional 383,015 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares in the last quarter. Retireful LLC bought a new position in shares of AT&T in the 4th quarter worth $1,163,000. Finally, Terril Brothers Inc. lifted its holdings in shares of AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 202,637 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

NYSE:T traded up $0.17 during mid-day trading on Friday, reaching $16.75. The stock had a trading volume of 37,852,681 shares, compared to its average volume of 39,190,348. The firm has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $16.56. The stock has a market capitalization of $119.81 billion, a P/E ratio of 9.00, a P/E/G ratio of 2.50 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68.

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 company 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%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on T shares. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Thursday. Tigress Financial raised their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. 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 report on Thursday, January 25th. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

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.