AT&T (T) Holdings Decreased by SNS Financial Group LLC

SNS Financial Group LLC lessened its holdings in shares of AT&T (NYSE:T) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,941 shares of the technology company’s stock after selling 3,388 shares during the quarter. SNS Financial Group LLC’s holdings in AT&T were worth $2,136,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of T. American Century Companies Inc. raised its position in shares of AT&T by 90.2% in the 4th quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock worth $617,671,000 after buying an additional 7,535,393 shares during the period. Nordea Investment Management AB raised its position in shares of AT&T by 37.7% in the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after buying an additional 6,330,819 shares during the period. Stifel Financial Corp raised its position in shares of AT&T by 18,965.9% in the 3rd quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock worth $193,917,000 after buying an additional 4,915,969 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AT&T by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock worth $2,677,458,000 after buying an additional 3,500,299 shares during the period. Finally, Levin Capital Strategies L.P. raised its position in shares of AT&T by 133.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 5,534,251 shares of the technology company’s stock worth $215,172,000 after buying an additional 3,161,887 shares during the period. 56.12% of the stock is currently owned by institutional investors.

Shares of AT&T opened at $31.93 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $197.00 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40. AT&T has a 1-year low of $32.05 and a 1-year high of $32.23.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). The business had revenue of $38.04 billion for the quarter, compared to analyst estimates of $39.36 billion. AT&T had a net margin of 19.25% and a return on equity of 14.46%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. analysts predict that AT&T will post 3.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, April 9th. This represents a $2.00 annualized dividend and a dividend yield of 6.26%. AT&T’s dividend payout ratio is presently 65.57%.

Several research analysts recently weighed in on T shares. SunTrust Banks cut their target price on AT&T to $35.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, March 5th. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Macquarie reaffirmed a “buy” rating and issued a $40.00 target price on shares of AT&T in a research report on Sunday, April 8th. Finally, UBS lowered their price target on AT&T from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.95.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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