Foster Group Inc. Sells 1,268 Shares of AT&T Inc. (NYSE:T)

Foster Group Inc. trimmed its stake in shares of AT&T Inc. (NYSE:T) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,039 shares of the technology company’s stock after selling 1,268 shares during the quarter. Foster Group Inc.’s holdings in AT&T were worth $342,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 3rd quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC acquired a new position in shares of AT&T during the third quarter worth $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE T opened at $24.43 on Wednesday. The company has a market cap of $175.26 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $21.51. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.58.

AT&T (NYSE:T) last released its quarterly earnings data 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 7.42% and a return on equity of 13.97%. Research analysts predict 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 Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.54%. AT&T’s dividend payout ratio (DPR) is 90.24%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Barclays boosted their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.11.

AT&T Company 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.