Foundations Investment Advisors LLC Sells 25,516 Shares of AT&T Inc. (NYSE:T)


Share on StockTwits

Foundations Investment Advisors LLC lessened its holdings in AT&T Inc. (NYSE:T) by 74.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,912 shares of the technology company’s stock after selling 25,516 shares during the quarter. Foundations Investment Advisors LLC’s holdings in AT&T were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Brookstone Capital Management grew its holdings in AT&T by 8.0% during the fourth quarter. Brookstone Capital Management now owns 208,473 shares of the technology company’s stock valued at $5,996,000 after purchasing an additional 15,452 shares during the period. Pure Financial Advisors Inc. raised its stake in shares of AT&T by 3.5% in the fourth quarter. Pure Financial Advisors Inc. now owns 11,273 shares of the technology company’s stock valued at $324,000 after buying an additional 379 shares during the period. BTR Capital Management Inc. lifted its position in shares of AT&T by 8.4% during the 4th quarter. BTR Capital Management Inc. now owns 333,455 shares of the technology company’s stock valued at $9,590,000 after buying an additional 25,840 shares during the last quarter. Perkins Coie Trust Co grew its stake in shares of AT&T by 7.1% during the 4th quarter. Perkins Coie Trust Co now owns 84,888 shares of the technology company’s stock worth $2,440,000 after acquiring an additional 5,655 shares during the period. Finally, Founders Capital Management purchased a new stake in AT&T in the 4th quarter worth about $2,151,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

T stock opened at $28.61 on Thursday. The company’s 50 day moving average is $29.36 and its 200 day moving average is $29.09. The stock has a market cap of $203.87 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 1-year low of $26.08 and a 1-year high of $39.14.

AT&T (NYSE:T) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The company had revenue of $42.43 billion during the quarter, compared to analysts’ expectations of $41.66 billion. AT&T had a return on equity of 13.03% and a net margin of 6.84%. AT&T’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 3.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 11th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, January 8th. This represents a $2.08 annualized dividend and a yield of 7.27%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

Several research firms have commented on T. BidaskClub downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a report on Friday, December 18th. National Bank Financial upgraded shares of AT&T to an “outperform” rating and upped their price target for the company from $25.00 to $27.00 in a research note on Monday, November 9th. Credit Suisse Group reduced their price objective on shares of AT&T from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. KeyCorp downgraded AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Monday, October 5th. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, November 16th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.40.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.