Kintegral Advisory LLC Sells 3,019 Shares of AT&T Inc. (NYSE:T)

Kintegral Advisory LLC lessened its holdings in AT&T Inc. (NYSE:T) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,804 shares of the technology company’s stock after selling 3,019 shares during the quarter. Kintegral Advisory LLC’s holdings in AT&T were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $25,000. YANKCOM Partnership acquired a new position in AT&T in the fourth quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% during 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 period. Endeavor Private Wealth Inc. acquired a new stake in AT&T during the fourth quarter worth about $34,000. Finally, Safe Harbor Fiduciary LLC bought a new position in AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on T. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Scotiabank lifted their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Stock Performance

NYSE T opened at $26.64 on Friday. The company has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. The stock has a fifty day simple moving average of $23.50 and a 200 day simple moving average of $22.30. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s dividend payout ratio (DPR) 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.