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

Beacon Capital Management LLC decreased its stake in AT&T Inc. (NYSE:T) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,453 shares of the technology company’s stock after selling 4,013 shares during the period. Beacon Capital Management LLC’s holdings in AT&T were worth $352,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Creative Planning lifted its stake in shares of AT&T by 2.8% in the third quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock worth $34,413,000 after acquiring an additional 43,218 shares in the last quarter. Marshall Financial Group LLC purchased a new position in AT&T in the third quarter valued at about $317,000. Secure Asset Management LLC grew its stake in AT&T by 11.4% during the 3rd quarter. Secure Asset Management LLC now owns 40,539 shares of the technology company’s stock valued at $892,000 after purchasing an additional 4,137 shares in the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in AT&T by 2.2% during the 3rd quarter. Bar Harbor Wealth Management now owns 31,840 shares of the technology company’s stock worth $700,000 after purchasing an additional 684 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.0 %

AT&T stock opened at $25.88 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $25.93. The stock has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. The company’s 50-day moving average price is $23.23 and its two-hundred day moving average price is $22.04. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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, analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.29%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on T. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Scotiabank upped their price objective on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.