Beverly Hills Private Wealth LLC Sells 43,783 Shares of AT&T Inc. (NYSE:T)

Beverly Hills Private Wealth LLC trimmed its position in shares of AT&T Inc. (NYSE:TFree Report) by 75.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,169 shares of the technology company’s stock after selling 43,783 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in AT&T were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in T. Carmel Capital Partners LLC grew its stake in shares of AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $31,000. Financial Freedom LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. Lipe & Dalton bought a new position in AT&T in the third quarter valued at approximately $30,000. Finally, Fortis Capital Advisors LLC bought a new position in AT&T in the fourth quarter valued at approximately $39,000. 53.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Friday, January 19th. Tigress Financial increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada increased their target price on shares of AT&T from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.65.

Get Our Latest Research Report on T

AT&T Stock Performance

Shares of T opened at $16.83 on Friday. The firm has a 50-day moving average of $16.90 and a 200-day moving average of $15.64. AT&T Inc. has a one year low of $13.43 and a one year high of $19.99. The company has a market cap of $120.33 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same quarter last year, the firm earned $0.61 EPS. AT&T’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend was Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is 56.63%.

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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