Raab & Moskowitz Asset Management LLC Sells 2,495 Shares of AT&T Inc. (NYSE:T)

Raab & Moskowitz Asset Management LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,246 shares of the technology company’s stock after selling 2,495 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in AT&T were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC increased its stake in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the last quarter. Lipe & Dalton bought a new position in shares of AT&T in the 3rd quarter valued at $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T in the 3rd quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the last quarter. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of AT&T by 588.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after acquiring an additional 2,241 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on T. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Finally, Citigroup raised their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Trading Up 1.0 %

Shares of NYSE:T traded up $0.17 during midday trading on Friday, reaching $16.75. The company’s stock had a trading volume of 37,852,681 shares, compared to its average volume of 39,190,348. The firm has a market capitalization of $119.81 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 2.50 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $16.56. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16.

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

AT&T Dividend Announcement

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 given a $0.2775 dividend. 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 payout ratio is 59.68%.

AT&T Company 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.