Encompass Wealth Advisors LLC Sells 1,966 Shares of AT&T Inc. (NYSE:T)

Encompass Wealth Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 10.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,701 shares of the technology company’s stock after selling 1,966 shares during the period. Encompass Wealth Advisors LLC’s holdings in AT&T were worth $403,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of T. Consolidated Portfolio Review Corp grew its holdings in AT&T by 221.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 114,517 shares of the technology company’s stock valued at $2,608,000 after purchasing an additional 78,898 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $332,000. GHP Investment Advisors Inc. grew its stake in shares of AT&T by 6.9% during the fourth quarter. GHP Investment Advisors Inc. now owns 16,367 shares of the technology company’s stock valued at $373,000 after buying an additional 1,053 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of AT&T by 12.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 113,926 shares of the technology company’s stock worth $2,576,000 after buying an additional 12,802 shares during the period. Finally, Adero Partners LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $231,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on T shares. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer started coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.21.

AT&T Stock Down 0.1 %

NYSE:T opened at $24.46 on Friday. The company’s 50-day simple moving average is $22.99 and its 200-day simple moving average is $21.75. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.98. The stock has a market capitalization of $175.47 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.71 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 the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

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.