Kempner Capital Management Inc. Sells 102,233 Shares of AT&T Inc. (NYSE:T)

Kempner Capital Management Inc. decreased its holdings in AT&T Inc. (NYSE:T) by 50.1% in the fourth quarter, Holdings Channel reports. The fund owned 101,978 shares of the technology company’s stock after selling 102,233 shares during the quarter. Kempner Capital Management Inc.’s holdings in AT&T were worth $2,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the third 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 during the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the third quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of several research analyst reports. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. 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 note on Thursday, December 5th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $26.11.

AT&T Trading Down 0.8 %

NYSE:T opened at $24.04 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $22.89 and a 200-day simple moving average of $21.57. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a market capitalization of $172.46 billion, a P/E ratio of 16.13, a PEG ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts anticipate that AT&T Inc. will post 2.12 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.62%. AT&T’s payout ratio is currently 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.