AT&T Inc. (NYSE:T) Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC reduced its position in AT&T Inc. (NYSE:T) by 8.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,227 shares of the technology company’s stock after selling 1,587 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in AT&T were worth $321,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of AT&T during the 4th quarter worth $1,118,288,000. Thornburg Investment Management Inc. purchased a new stake in shares of AT&T during the 4th quarter worth $316,472,000. Kodai Capital Management LP purchased a new stake in shares of AT&T during the 4th quarter worth $152,109,000. Point72 Asset Management L.P. boosted its position in shares of AT&T by 120.8% during the 4th quarter. Point72 Asset Management L.P. now owns 9,086,854 shares of the technology company’s stock worth $152,477,000 after purchasing an additional 4,970,954 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of AT&T by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 75,484,518 shares of the technology company’s stock worth $1,328,528,000 after purchasing an additional 4,014,873 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.5 %

Shares of NYSE T traded down $0.10 on Friday, reaching $19.37. 45,240,116 shares of the company traded hands, compared to its average volume of 37,305,292. AT&T Inc. has a fifty-two week low of $13.89 and a fifty-two week high of $19.99. The company has a 50 day moving average of $18.49 and a 200 day moving average of $17.56. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $138.89 billion, a PE ratio of 10.41, a P/E/G ratio of 3.28 and a beta of 0.58.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

T has been the topic of several research analyst reports. Daiwa America upgraded shares of AT&T to a “hold” rating in a research report on Friday, July 26th. UBS Group reiterated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Evercore ISI boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Seven 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

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.