GoalVest Advisory LLC Sells 3,367 Shares of AT&T Inc. (NYSE:T)

GoalVest Advisory LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 77,098 shares of the technology company’s stock after selling 3,367 shares during the quarter. GoalVest Advisory LLC’s holdings in AT&T were worth $1,756,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of T. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% in the third 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. Reston Wealth Management LLC purchased a new position in shares of AT&T in the third quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the third quarter worth $35,000. Finally, Marquette Asset Management LLC purchased a new stake in AT&T during the third quarter valued at $36,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Tigress Financial upped their price objective on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Down 0.7 %

Shares of NYSE:T opened at $22.34 on Thursday. The business’s 50 day moving average is $22.80 and its 200 day moving average is $21.40. The stock has a market cap of $160.30 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. Sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.97%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

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.