Yousif Capital Management LLC Decreases Holdings in AT&T Inc. (NYSE:T)

Yousif Capital Management LLC reduced its position in AT&T Inc. (NYSE:T) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,199,908 shares of the technology company’s stock after selling 79,519 shares during the quarter. Yousif Capital Management LLC’s holdings in AT&T were worth $20,134,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. FMR LLC increased its position in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after acquiring an additional 32,558,342 shares during the period. California Public Employees Retirement System raised its stake in AT&T by 38.0% in the 3rd quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock worth $519,070,000 after acquiring an additional 9,518,478 shares during the last quarter. Barclays PLC lifted its position in AT&T by 30.6% during the 3rd quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock worth $393,931,000 after acquiring an additional 6,137,909 shares during the period. Finally, AQR Capital Management LLC grew its stake in AT&T by 43.0% during the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after purchasing an additional 4,432,136 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T stock traded up $0.20 during mid-day trading on Tuesday, reaching $16.51. The company’s stock had a trading volume of 47,772,969 shares, compared to its average volume of 38,895,176. The stock has a market cap of $118.09 billion, a PE ratio of 8.42, a P/E/G ratio of 2.49 and a beta of 0.57. The company’s 50 day moving average is $16.98 and its two-hundred day moving average is $16.54. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Ratings Changes

Several analysts have commented on T shares. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.