AT&T Inc. (NYSE:T) Shares Sold by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC reduced its position in AT&T Inc. (NYSE:TFree Report) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 69,698 shares of the technology company’s stock after selling 2,057 shares during the quarter. AT&T comprises about 1.0% of Signature Wealth Management Partners LLC’s holdings, making the stock its 22nd largest position. Signature Wealth Management Partners LLC’s holdings in AT&T were worth $1,170,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of T. Axiom Financial Strategies LLC raised its position in AT&T by 12.2% in the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after acquiring an additional 1,941 shares in the last quarter. Roundview Capital LLC boosted its stake in shares of AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after acquiring an additional 9,450 shares during the last quarter. Sei Investments Co. boosted its stake in shares of AT&T by 23.1% during the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after acquiring an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after acquiring an additional 25,028 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after acquiring an additional 11,722 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of a number of research analyst reports. Barclays raised their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Tigress Financial upped their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.61.

View Our Latest Stock Analysis on T

AT&T Trading Up 0.3 %

Shares of NYSE T traded up $0.05 during mid-day trading on Friday, hitting $17.60. 33,461,501 shares of the company traded hands, compared to its average volume of 35,692,152. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $19.99. The stock has a market capitalization of $125.89 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 2.65 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average of $17.15 and a two-hundred day moving average of $16.30.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.31%. AT&T’s dividend payout ratio is currently 56.63%.

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, carrying cases/protective covers, and wireless chargers 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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