AT&T Inc. (NYSE:T) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in AT&T Inc. (NYSE:T) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,864,647 shares of the technology company’s stock after selling 48,056 shares during the quarter. MetLife Investment Management LLC’s holdings in AT&T were worth $41,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Coppell Advisory Solutions Corp. acquired a new stake in shares of AT&T during the 1st quarter valued at about $295,000. iA Global Asset Management Inc. acquired a new stake in AT&T in the first quarter valued at approximately $3,264,000. New Covenant Trust Company N.A. purchased a new stake in shares of AT&T in the first quarter valued at approximately $200,000. Investmark Advisory Group LLC raised its stake in shares of AT&T by 2.8% during the 1st quarter. Investmark Advisory Group LLC now owns 133,770 shares of the technology company’s stock worth $2,354,000 after buying an additional 3,633 shares during the period. Finally, Kozak & Associates Inc. lifted its position in shares of AT&T by 58.7% during the 1st quarter. Kozak & Associates Inc. now owns 3,497 shares of the technology company’s stock valued at $61,000 after buying an additional 1,294 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE:T opened at $23.14 on Wednesday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $23.32. The company has a 50-day moving average price of $22.07 and a 200 day moving average price of $20.04. The company has a market cap of $166.04 billion, a P/E ratio of 18.77, a PEG ratio of 3.47 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.80%. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. Tigress Financial boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Citigroup upped their price target on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Moffett Nathanson lifted their price objective on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $23.40.

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.