Natixis Sells 288,963 Shares of AT&T Inc. (NYSE:T)

by · The Cerbat Gem

Natixis trimmed its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 899,946 shares of the technology company’s stock after selling 288,963 shares during the quarter. Natixis’ holdings in AT&T were worth $20,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $28,000. Tradewinds Capital Management LLC grew its holdings in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership bought a new position in AT&T during the 4th quarter worth $30,000. Endeavor Private Wealth Inc. bought a new position in AT&T during the 4th quarter worth $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the fourth quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

View Our Latest Research Report on AT&T

AT&T Trading Up 0.4 %

Shares of T stock opened at $27.12 on Friday. AT&T Inc. has a twelve month low of $16.17 and a twelve month high of $29.03. The stock’s fifty day simple moving average is $26.84 and its 200 day simple moving average is $24.15. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results 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, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s payout ratio is currently 74.50%.

About AT&T

(Free Report)

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.

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