Insight Advisors LLC PA Has $229,000 Stake in AT&T Inc. (NYSE:T)

Insight Advisors LLC PA lowered its stake in shares of AT&T Inc. (NYSE:T) by 10.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,111 shares of the technology company’s stock after selling 1,238 shares during the quarter. Insight Advisors LLC PA’s holdings in AT&T were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter valued at $34,000. Reston Wealth Management LLC bought a new position in shares of AT&T in the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 3rd quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.1 %

T opened at $24.46 on Friday. The stock has a market cap of $175.47 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The company has a fifty day moving average of $22.99 and a 200-day moving average of $21.75.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on T. Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.21.

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.