Stableford Capital II LLC Sells 1,135 Shares of AT&T Inc. (NYSE:T)

Stableford Capital II LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,704 shares of the technology company’s stock after selling 1,135 shares during the quarter. Stableford Capital II LLC’s holdings in AT&T were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Independence Bank of Kentucky grew its holdings in AT&T by 52.4% during the 4th quarter. Independence Bank of Kentucky now owns 10,973 shares of the technology company’s stock worth $250,000 after acquiring an additional 3,775 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of AT&T by 5.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 58,948 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 2,792 shares during the last quarter. Everett Harris & Co. CA increased its holdings in shares of AT&T by 11.6% in the fourth quarter. Everett Harris & Co. CA now owns 34,872 shares of the technology company’s stock valued at $794,000 after purchasing an additional 3,615 shares in the last quarter. RHS Financial LLC bought a new position in AT&T in the 4th quarter worth approximately $302,000. Finally, N.E.W. Advisory Services LLC lifted its holdings in AT&T by 4.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 30,738 shares of the technology company’s stock worth $700,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Scotiabank lifted their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Oppenheimer started coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.11.

AT&T Trading Down 1.2 %

T opened at $23.74 on Friday. The firm’s fifty day simple moving average is $22.92 and its 200 day simple moving average is $21.62. The stock has a market capitalization of $170.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts anticipate that AT&T Inc. will post 2.12 EPS for the current fiscal 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 issued 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 4.68%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.