International Assets Investment Management LLC Has $4.21 Million Holdings in AT&T Inc. $T

International Assets Investment Management LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 75.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,812 shares of the technology company’s stock after selling 439,000 shares during the quarter. International Assets Investment Management LLC’s holdings in AT&T were worth $4,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Front Row Advisors LLC bought a new position in AT&T in the second quarter valued at about $25,000. Mountain Hill Investment Partners Corp. increased its stake in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the period. Solstein Capital LLC raised its holdings in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the last quarter. Kennebec Savings Bank raised its holdings in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the last quarter. Finally, Curio Wealth LLC boosted its position in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on T shares. Loop Capital set a $29.00 price target on shares of AT&T in a research report on Friday, December 19th. Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Morgan Stanley reduced their price target on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

AT&T Price Performance

Shares of NYSE T opened at $23.56 on Friday. The company has a market capitalization of $166.99 billion, a PE ratio of 7.65, a P/E/G ratio of 1.29 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $22.54 and a twelve month high of $29.79. The firm has a fifty day simple moving average of $24.62 and a 200 day simple moving average of $26.44.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be given a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio is presently 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.