Little House Capital LLC Cuts Stake in AT&T Inc. (NYSE:T)

Little House Capital LLC cut its stake in AT&T Inc. (NYSE:T) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,074 shares of the technology company’s stock after selling 1,499 shares during the quarter. Little House Capital LLC’s holdings in AT&T were worth $169,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC lifted its stake in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new stake in AT&T in the 3rd quarter valued at about $30,000. Ramirez Asset Management Inc. purchased a new position in AT&T in the 3rd quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of 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 worth $39,000 after purchasing an additional 606 shares during the last quarter. Finally, Morton Brown Family Wealth LLC grew its position in shares of AT&T by 588.2% in the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, March 5th. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Scotiabank upped their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Stock Performance

Shares of T stock opened at $16.75 on Monday. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company has a market cap of $119.81 billion, a P/E ratio of 9.01, a PEG ratio of 3.32 and a beta of 0.57. The firm has a fifty day moving average price of $16.96 and a 200 day moving average price of $16.58.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

AT&T Company 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.