Fulton Breakefield Broenniman LLC Has $205,000 Position in AT&T Inc. (NYSE:T)

Fulton Breakefield Broenniman LLC decreased its holdings in AT&T Inc. (NYSE:T) by 8.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,022 shares of the technology company’s stock after selling 800 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in AT&T were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $34,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the third quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T stock opened at $24.23 on Thursday. The firm has a market capitalization of $173.89 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $22.86 and a 200-day moving average of $21.55.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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 7.42%. On average, equities research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Scotiabank increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

About AT&T

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.