Ieq Capital LLC Has $9.24 Million Position in AT&T Inc. (NYSE:T)

Ieq Capital LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 405,808 shares of the technology company’s stock after selling 40,513 shares during the period. Ieq Capital LLC’s holdings in AT&T were worth $9,240,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% during 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 acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T during the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of several research analyst reports. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Sanford C. Bernstein upped their price objective 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, Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

AT&T Stock Down 0.2 %

T stock opened at $26.18 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.35. The company has a 50-day moving average of $23.44 and a two-hundred day moving average of $22.23. The stock has a market capitalization of $187.95 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.99 and a beta of 0.59.

AT&T (NYSE:T) last announced 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%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

About AT&T

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.