Chicago Capital LLC Sells 3,142 Shares of AT&T Inc. (NYSE:T)

Chicago Capital LLC reduced its stake in AT&T Inc. (NYSE:T – Get Rating) by 6.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 46,912 shares of the technology company’s stock after selling 3,142 shares during the period. Chicago Capital LLC’s holdings in AT&T were worth $1,109,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Econ Financial Services Corp purchased a new stake in AT&T in the fourth quarter worth about $26,000. KRS Capital Management LLC purchased a new stake in AT&T in the fourth quarter worth about $27,000. Atwood & Palmer Inc. purchased a new stake in AT&T in the fourth quarter worth about $29,000. Arlington Partners LLC grew its holdings in AT&T by 70.7% in the fourth quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock worth $31,000 after purchasing an additional 523 shares during the period. Finally, Missouri Trust & Investment Co purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. 53.47% of the stock is owned by institutional investors.

Shares of NYSE:T opened at $21.31 on Friday. AT&T Inc. has a 52 week low of $16.62 and a 52 week high of $22.15. The stock has a market capitalization of $152.56 billion, a P/E ratio of 8.99, a PEG ratio of 2.26 and a beta of 0.57. The firm has a fifty day simple moving average of $20.27 and a two-hundred day simple moving average of $22.66. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.97.

AT&T (NYSE:T – Get Rating) last issued its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). AT&T had a return on equity of 13.19% and a net margin of 10.64%. The business had revenue of $38.10 billion during the quarter, compared to analysts’ expectations of $38.29 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 13.2% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post 2.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Monday, July 11th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, July 8th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.21%. AT&T’s dividend payout ratio is presently 46.84%.

A number of research firms have recently commented on T. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Wells Fargo & Company cut their price target on shares of AT&T from $26.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, April 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 11th. Raymond James cut their price target on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. Finally, Barclays dropped their target price on shares of AT&T from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

About AT&T (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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