44 Wealth Management LLC Sells 3,135 Shares of AT&T Inc. (NYSE:T)

44 Wealth Management LLC decreased its position in AT&T Inc. (NYSE:T) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,276 shares of the technology company’s stock after selling 3,135 shares during the quarter. 44 Wealth Management LLC’s holdings in AT&T were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in T. AMF Tjanstepension AB boosted its holdings in shares of AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Grimes & Company Inc. boosted its holdings in shares of AT&T by 7.2% in the 3rd quarter. Grimes & Company Inc. now owns 33,530 shares of the technology company’s stock worth $738,000 after buying an additional 2,245 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AT&T by 1.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock worth $6,824,000 after buying an additional 3,972 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of AT&T by 28.1% in the 3rd quarter. Global Trust Asset Management LLC now owns 3,900 shares of the technology company’s stock worth $86,000 after buying an additional 855 shares during the last quarter. Finally, apricus wealth LLC boosted its holdings in shares of AT&T by 4.3% in the 3rd quarter. apricus wealth LLC now owns 78,685 shares of the technology company’s stock worth $1,731,000 after buying an additional 3,265 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.9 %

T stock opened at $26.64 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $23.50 and its 200 day moving average is $22.28. The stock has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.72.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on T shares. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.33.

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.