Waldron Private Wealth LLC Sells 3,976 Shares of AT&T Inc. (NYSE:T)

Waldron Private Wealth LLC lowered its holdings in AT&T Inc. (NYSE:T) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,208 shares of the technology company’s stock after selling 3,976 shares during the quarter. Waldron Private Wealth LLC’s holdings in AT&T were worth $1,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Everett Harris & Co. CA lifted its holdings in shares of AT&T by 11.6% in the fourth quarter. Everett Harris & Co. CA now owns 34,872 shares of the technology company’s stock valued at $794,000 after purchasing an additional 3,615 shares in the last quarter. RHS Financial LLC bought a new position in AT&T during the 4th quarter valued at $302,000. N.E.W. Advisory Services LLC boosted its holdings in AT&T by 4.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 30,738 shares of the technology company’s stock worth $700,000 after acquiring an additional 1,200 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $39,000. Finally, Austin Private Wealth LLC lifted its position in shares of AT&T by 18.4% during the fourth quarter. Austin Private Wealth LLC now owns 21,055 shares of the technology company’s stock valued at $479,000 after purchasing an additional 3,271 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $23.74 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The business’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $21.59. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market cap of $170.34 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts anticipate that AT&T Inc. will post 2.12 earnings per share for the current fiscal 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 given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

T has been the topic of a number of recent analyst reports. Citigroup lifted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.11.

AT&T Profile

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.