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

Everence Capital Management Inc. lessened its position in AT&T Inc. (NYSE:T) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,746 shares of the technology company’s stock after selling 37,810 shares during the period. Everence Capital Management Inc.’s holdings in AT&T were worth $3,217,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in AT&T by 1.2% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after buying an additional 547 shares during the period. SMH Capital Advisors Inc. increased its stake in AT&T by 1.8% during the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after buying an additional 565 shares during the period. Kahn Brothers Group Inc. increased its stake in AT&T by 3.4% during the 4th quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after buying an additional 575 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares during the period. Finally, JB Capital LLC increased its stake in AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of several research reports. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, January 19th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Finally, Barclays raised their price objective on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Seven investment 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, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $20.68.

AT&T Stock Down 0.9 %

Shares of NYSE T traded down $0.15 during mid-day trading on Tuesday, reaching $16.09. The company had a trading volume of 49,169,634 shares, compared to its average volume of 38,466,574. The stock has a fifty day moving average of $17.07 and a two-hundred day moving average of $16.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market capitalization of $115.09 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.46 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.92.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s payout ratio is presently 56.63%.

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.