AT&T Inc. (NYSE:T) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC cut its position in shares of AT&T Inc. (NYSE:T) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 165,375 shares of the technology company’s stock after selling 2,071 shares during the period. Fort Sheridan Advisors LLC’s holdings in AT&T were worth $3,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its stake in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of AT&T by 8.1% during the 3rd quarter. Valmark Advisers Inc. now owns 21,087 shares of the technology company’s stock worth $464,000 after buying an additional 1,581 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of AT&T by 108.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 72,632 shares of the technology company’s stock worth $1,598,000 after buying an additional 37,821 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in AT&T by 0.8% in the third quarter. Cornerstone Wealth Group LLC now owns 295,259 shares of the technology company’s stock valued at $6,496,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Financial Advocates Investment Management grew its position in AT&T by 7.9% during the third quarter. Financial Advocates Investment Management now owns 77,310 shares of the technology company’s stock valued at $1,701,000 after acquiring an additional 5,650 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on T. Scotiabank raised their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. Barclays increased their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup raised their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.2 %

T opened at $26.90 on Friday. The stock has a market cap of $193.09 billion, a P/E ratio of 18.05, a P/E/G ratio of 3.00 and a beta of 0.59. The stock’s 50 day moving average price is $23.82 and its 200 day moving average price is $22.49. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.16.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

About AT&T

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.