McKinley Carter Wealth Services Inc. lessened its position in shares of AT&T Inc. (NYSE:T – Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,304 shares of the technology company’s stock after selling 786 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in AT&T were worth $462,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter worth about $34,000. Reston Wealth Management LLC purchased a new position in shares of AT&T during the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 3rd quarter valued at approximately $35,000. Institutional investors own 57.10% of the company’s stock.
AT&T Stock Down 0.7 %
Shares of NYSE:T opened at $24.23 on Thursday. The company has a market cap of $173.89 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $22.86 and a 200 day moving average price of $21.55.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 90.24%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.
Get Our Latest Stock Report on T
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.
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