American Economic Planning Group cut its position in shares of AT&T Inc. (NYSE:T) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,482 shares of the company’s stock after selling 203 shares during the period. American Economic Planning Group’s holdings in AT&T were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. River & Mercantile Asset Management acquired a new position in shares of AT&T during the fourth quarter worth $51,000. Exchange Capital Management acquired a new position in shares of AT&T during the fourth quarter worth $285,000. Tirschwell & Loewy raised its position in shares of AT&T by 13.0% in the fourth quarter. Tirschwell & Loewy now owns 8,447 shares of the company’s stock worth $291,000 after buying an additional 970 shares in the last quarter. Profit Investment Management raised its position in shares of AT&T by 23.3% in the fourth quarter. Profit Investment Management now owns 8,909 shares of the company’s stock worth $307,000 after buying an additional 1,685 shares in the last quarter. Finally, First American Bank raised its position in shares of AT&T by 24.6% in the fourth quarter. First American Bank now owns 8,926 shares of the company’s stock worth $307,000 after buying an additional 1,763 shares in the last quarter.

Shares of AT&T Inc. (NYSE:T) traded down 0.441% during midday trading on Monday, reaching $34.985. The company’s stock had a trading volume of 24,542,326 shares. AT&T Inc. has a 52 week low of $30.97 and a 52 week high of $36.45. The stock has a 50-day moving average price of $34.15 and a 200 day moving average price of $33.68. The stock has a market capitalization of $215.23 billion and a PE ratio of 36.788.

AT&T (NYSE:T) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $39.10 billion for the quarter, compared to the consensus estimate of $41.08 billion. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. Equities analysts forecast that AT&T Inc. will post $2.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 8th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.46%. This is an increase from AT&T’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, January 6th.

A number of analysts have commented on the company. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Bank of America reiterated a “buy” rating on shares of AT&T in a research report on Friday, January 1st. Goldman Sachs boosted their target price on AT&T to $37.00 in a research report on Wednesday, January 13th. Jefferies Group reiterated a “positive” rating and set a $33.77 target price (down from $40.00) on shares of AT&T in a research report on Wednesday, December 2nd. Finally, Nomura reiterated a “buy” rating and set a $39.00 target price on shares of AT&T in a research report on Sunday, October 25th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.24.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (NYSE:T) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

12 Month Chart for NYSE:T

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