Kolinsky Wealth Management LLC Decreases Position in AT&T Inc. (NYSE:T)

Kolinsky Wealth Management LLC decreased its position in AT&T Inc. (NYSE:TFree Report) by 10.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,460 shares of the technology company’s stock after selling 1,346 shares during the period. Kolinsky Wealth Management LLC’s holdings in AT&T were worth $172,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Gotham Asset Management LLC lifted its position in shares of AT&T by 19.2% in the third quarter. Gotham Asset Management LLC now owns 829,137 shares of the technology company’s stock valued at $12,454,000 after acquiring an additional 133,603 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of AT&T in the third quarter valued at $249,000. Ironwood Investment Counsel LLC lifted its position in shares of AT&T by 16.3% in the third quarter. Ironwood Investment Counsel LLC now owns 126,866 shares of the technology company’s stock valued at $1,906,000 after acquiring an additional 17,800 shares in the last quarter. Sora Investors LLC purchased a new stake in shares of AT&T in the third quarter valued at $11,265,000. Finally, Teza Capital Management LLC purchased a new stake in shares of AT&T in the third quarter valued at $3,133,000. Institutional investors and hedge funds own 53.65% of the company’s stock.

AT&T Stock Performance

NYSE:T traded up $0.04 during midday trading on Thursday, reaching $17.00. 16,998,869 shares of the company traded hands, compared to its average volume of 39,694,258. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.99. The firm has a market capitalization of $121.60 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a fifty day moving average price of $16.96 and a 200 day moving average price of $15.88.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.53%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft increased their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

Get Our Latest Research Report on AT&T

About AT&T

(Free Report)

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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

See Also

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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