Future Financial Wealth Managment LLC Decreases Stake in AT&T Inc. (NYSE:T)

Future Financial Wealth Managment LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 21.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,286 shares of the technology company’s stock after selling 7,068 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in AT&T were worth $576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC boosted its holdings in AT&T by 5,378.3% in the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after acquiring an additional 3,711 shares during the period. 1ST Source Bank boosted its holdings in AT&T by 2.0% in the 2nd quarter. 1ST Source Bank now owns 37,974 shares of the technology company’s stock worth $726,000 after acquiring an additional 741 shares during the period. Parallel Advisors LLC boosted its holdings in AT&T by 4.1% in the 2nd quarter. Parallel Advisors LLC now owns 134,075 shares of the technology company’s stock worth $2,562,000 after acquiring an additional 5,246 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in AT&T by 32.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock worth $372,000 after acquiring an additional 4,824 shares during the period. Finally, Williams Financial LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $4,837,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.9 %

Shares of NYSE:T traded down $0.20 during midday trading on Monday, reaching $21.49. The company had a trading volume of 18,413,706 shares, compared to its average volume of 31,338,211. The company has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $21.24. The firm has a market cap of $154.20 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Research analysts predict that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Company 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.