Curbstone Financial Management Corp Has $469,000 Stake in AT&T Inc. (NYSE:T)

Curbstone Financial Management Corp reduced its holdings in AT&T Inc. (NYSE:T) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,332 shares of the technology company’s stock after selling 5,716 shares during the quarter. Curbstone Financial Management Corp’s holdings in AT&T were worth $469,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its stake in shares of AT&T by 2.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 263,249 shares of the technology company’s stock valued at $4,417,000 after buying an additional 5,882 shares during the period. Morningstar Investment Services LLC lifted its stake in shares of AT&T by 140.2% in the fourth quarter. Morningstar Investment Services LLC now owns 38,522 shares of the technology company’s stock valued at $645,000 after buying an additional 22,485 shares during the period. Kolinsky Wealth Management LLC lifted its stake in AT&T by 14.2% during the fourth quarter. Kolinsky Wealth Management LLC now owns 13,089 shares of the technology company’s stock worth $220,000 after purchasing an additional 1,629 shares during the period. Wealth Quarterback LLC boosted its holdings in AT&T by 13.3% during the fourth quarter. Wealth Quarterback LLC now owns 24,990 shares of the technology company’s stock valued at $419,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Waterloo Capital L.P. acquired a new stake in AT&T during the fourth quarter valued at approximately $174,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Tigress Financial lifted their price objective on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada lifted their price objective on AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Redburn Atlantic raised AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.38.

AT&T Trading Down 0.6 %

Shares of T traded down $0.14 during trading hours on Friday, reaching $21.91. The stock had a trading volume of 24,545,359 shares, compared to its average volume of 35,977,004. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $22.34. The firm has a 50-day moving average of $20.47 and a 200 day moving average of $18.66. The company has a market cap of $157.10 billion, a P/E ratio of 11.78, a P/E/G ratio of 3.75 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.07%. AT&T’s dividend payout ratio is presently 59.68%.

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.