LifePlan Financial LLC Sells 1,689 Shares of AT&T Inc. (NYSE:T)

LifePlan Financial LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,429 shares of the technology company’s stock after selling 1,689 shares during the quarter. LifePlan Financial LLC’s holdings in AT&T were worth $533,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its position in AT&T by 7.6% in the 2nd quarter. Sei Investments Co. now owns 2,876,014 shares of the technology company’s stock valued at $54,961,000 after buying an additional 202,159 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of AT&T by 4.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 475,114 shares of the technology company’s stock worth $9,080,000 after acquiring an additional 21,233 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of AT&T by 7.6% in the second quarter. Profund Advisors LLC now owns 86,117 shares of the technology company’s stock valued at $1,646,000 after purchasing an additional 6,080 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of AT&T by 8.4% during the second quarter. ProShare Advisors LLC now owns 1,008,133 shares of the technology company’s stock valued at $19,265,000 after purchasing an additional 77,932 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in AT&T by 9.6% during the second quarter. Fidelis Capital Partners LLC now owns 33,575 shares of the technology company’s stock worth $646,000 after purchasing an additional 2,943 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

T opened at $22.30 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The firm has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a fifty day moving average price of $22.79 and a 200-day moving average price of $21.37.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. Citigroup increased their price objective 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. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein began coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Profile

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.