Congress Wealth Management LLC DE lessened its position in shares of AT&T Inc. (NYSE:T - Free Report) by 36.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,081 shares of the technology company's stock after selling 70,966 shares during the quarter. Congress Wealth Management LLC DE's holdings in AT&T were worth $2,871,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. increased its holdings in AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after purchasing an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. Whittier Trust Co. boosted its holdings in AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after acquiring an additional 433 shares in the last quarter. Wealthstream Advisors Inc. grew its stake in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares during the period. Finally, Northeast Investment Management increased its holdings in shares of AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 451 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
AT&T stock traded down $0.00 during trading on Friday, hitting $28.20. The stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock's 50 day moving average is $25.70 and its two-hundred day moving average is $23.53. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.51. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.97% and a net margin of 8.95%. As a group, analysts predict that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's dividend payout ratio (DPR) is currently 74.50%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on T. The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Sanford C. Bernstein upped their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.79.
Check Out Our Latest Stock Report on AT&T
About AT&T
(
Free Report)
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.
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