Cyndeo Wealth Partners LLC Has $931,000 Stock Holdings in AT&T Inc. (NYSE:T)

Cyndeo Wealth Partners LLC decreased its holdings in AT&T Inc. (NYSE:T) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,886 shares of the technology company’s stock after selling 4,223 shares during the period. Cyndeo Wealth Partners LLC’s holdings in AT&T were worth $931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.7 %

NYSE:T opened at $22.69 on Friday. The company has a market cap of $162.77 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The stock’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $21.44. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on T shares. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein started coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $25.83.

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.