AT&T Inc. (NYSE:T) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,996 shares of the technology company’s stock after selling 2,032 shares during the quarter. Donaldson Capital Management LLC’s holdings in AT&T were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in T. Norges Bank acquired a new stake in shares of AT&T in the fourth quarter worth $1,118,288,000. Ameriprise Financial Inc. grew its stake in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after buying an additional 34,189,954 shares during the last quarter. FMR LLC lifted its position in shares of AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after purchasing an additional 32,558,342 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of AT&T in the fourth quarter valued at approximately $316,472,000. Finally, California Public Employees Retirement System boosted its holdings 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 valued at $519,070,000 after purchasing an additional 9,518,478 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

T traded up $0.17 during trading on Friday, reaching $16.75. 37,852,681 shares of the company’s stock were exchanged, compared to its average volume of 39,190,348. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67. The stock has a market capitalization of $119.81 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57. The company’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $16.56.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on T shares. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Barclays raised their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Scotiabank upped their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Citigroup upped their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Profile

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.