AT&T Inc. (NYSE:T) Shares Sold by Retirement Guys Formula LLC

Retirement Guys Formula LLC lowered its holdings in AT&T Inc. (NYSE:TFree Report) by 10.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,735 shares of the technology company’s stock after selling 4,739 shares during the period. Retirement Guys Formula LLC’s holdings in AT&T were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Carmel Capital Partners LLC raised its position in AT&T by 16,250.0% in 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 period. Lipe & Dalton purchased a new stake in AT&T in the third quarter valued at $30,000. Ramirez Asset Management Inc. purchased a new stake in AT&T in the third quarter valued at $30,000. FWL Investment Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $31,000. Finally, Financial Freedom LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on T shares. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, January 19th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Citigroup boosted their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Tigress Financial boosted their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.61.

View Our Latest Analysis on AT&T

AT&T Stock Down 1.3 %

NYSE T traded down $0.23 during trading hours on Monday, hitting $17.37. 14,801,900 shares of the company were exchanged, compared to its average volume of 38,467,523. The company has a 50 day moving average of $17.15 and a two-hundred day moving average of $16.33. The firm has a market cap of $124.24 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 2.65 and a beta of 0.57. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Equities research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.39%. AT&T’s dividend payout ratio is currently 56.63%.

AT&T 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, carrying cases/protective covers, and wireless chargers 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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