Vestor Capital LLC Trims Stake in AT&T Inc. (NYSE:T)

Vestor Capital LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 42.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,327 shares of the technology company’s stock after selling 7,743 shares during the quarter. Vestor Capital LLC’s holdings in AT&T were worth $173,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in T. Newport Trust Company LLC raised its stake in AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after acquiring an additional 673,043 shares during the last quarter. Northern Trust Corp raised its stake in shares of AT&T by 2.5% during the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after purchasing an additional 1,828,237 shares during the last quarter. FMR LLC lifted its holdings in shares of AT&T by 130.5% during the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after purchasing an additional 32,558,342 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of AT&T by 185.6% during the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after purchasing an additional 34,189,954 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in AT&T by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after buying an additional 798,024 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

NYSE T traded up $0.07 during trading hours on Thursday, hitting $17.18. 22,541,685 shares of the company’s stock were exchanged, compared to its average volume of 38,480,242. The business’s 50 day moving average is $16.98 and its 200-day moving average is $16.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The firm has a market capitalization of $123.18 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue was down .4% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on T. Deutsche Bank Aktiengesellschaft raised their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Tigress Financial raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Scotiabank boosted their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Citigroup raised their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and nine have assigned a 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 $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.