Litman Gregory Wealth Management LLC Has $507,000 Position in AT&T Inc. (NYSE:T)

Litman Gregory Wealth Management LLC decreased its stake in AT&T Inc. (NYSE:T) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,250 shares of the technology company’s stock after selling 7,500 shares during the period. Litman Gregory Wealth Management LLC’s holdings in AT&T were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in AT&T by 5.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 58,948 shares of the technology company’s stock worth $1,307,000 after acquiring an additional 2,792 shares during the period. Everett Harris & Co. CA boosted its position in shares of AT&T by 11.6% during the 4th 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 acquired a new stake in AT&T during the fourth quarter worth approximately $302,000. N.E.W. Advisory Services LLC increased its holdings in AT&T by 4.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 30,738 shares of the technology company’s stock worth $700,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in AT&T in the fourth quarter valued at approximately $39,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $23.74 on Friday. The company has a 50 day moving average of $22.92 and a 200 day moving average of $21.62. 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 stock has a market cap of $170.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 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.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.12 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.68%. AT&T’s payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on T shares. Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target 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.