AT&T Inc. (NYSE:T) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,641 shares of the technology company’s stock after selling 3,272 shares during the quarter. Principle Wealth Partners LLC’s holdings in AT&T were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Pineridge Advisors LLC increased its position in shares of AT&T by 54.6% in the fourth quarter. Pineridge Advisors LLC now owns 5,953 shares of the technology company’s stock valued at $136,000 after buying an additional 2,103 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in shares of AT&T by 12.8% during the fourth quarter. International Private Wealth Advisors LLC now owns 23,218 shares of the technology company’s stock valued at $529,000 after acquiring an additional 2,640 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in shares of AT&T by 161.6% during the fourth quarter. Soltis Investment Advisors LLC now owns 40,556 shares of the technology company’s stock valued at $923,000 after acquiring an additional 25,052 shares during the last quarter. Quilter Plc acquired a new stake in AT&T in the 4th quarter worth about $428,000. Finally, Opal Wealth Advisors LLC boosted its stake in AT&T by 18.8% in the 4th quarter. Opal Wealth Advisors LLC now owns 13,420 shares of the technology company’s stock worth $306,000 after buying an additional 2,126 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI raised their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their target price on 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 issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.21.

AT&T Trading Up 1.2 %

NYSE:T opened at $25.16 on Wednesday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.18. The stock has a market cap of $180.50 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.79 and a beta of 0.59. The business has a fifty day moving average of $23.09 and a 200-day moving average of $21.90. 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 (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.41%. 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.