John G Ullman & Associates Inc. Has $456,000 Position in AT&T Inc. (NYSE:T)

John G Ullman & Associates Inc. lowered its holdings in AT&T Inc. (NYSE:T) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,191 shares of the technology company’s stock after selling 1,873 shares during the quarter. John G Ullman & Associates Inc.’s holdings in AT&T were worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of T. State Street Corp lifted its stake in shares of AT&T by 0.5% during the first quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock valued at $5,530,602,000 after acquiring an additional 1,567,008 shares during the period. Newport Trust Company LLC lifted its stake in shares of AT&T by 0.3% during the third 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 period. Morgan Stanley lifted its stake in shares of AT&T by 37.3% during the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of AT&T by 85,003.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after acquiring an additional 76,746,649 shares during the period. Finally, Northern Trust Corp lifted 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 valued at $1,128,878,000 after acquiring an additional 1,828,237 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $16.51 on Friday. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.72. The stock has a market cap of $118.09 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 2.46 and a beta of 0.57. The business has a 50 day moving average of $17.00 and a 200-day moving average of $16.49. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings data 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 business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Finally, Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $20.68.

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.