AT&T Inc. (NYSE:T) Position Trimmed by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its position in AT&T Inc. (NYSE:T - Free Report) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,891 shares of the technology company's stock after selling 132,075 shares during the quarter. IHT Wealth Management LLC's holdings in AT&T were worth $3,618,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in T. International Assets Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at $14,700,000. Franklin Resources Inc. raised its stake in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp lifted its position in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after purchasing an additional 21,927 shares during the last quarter. Keystone Financial Group grew its stake in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares in the last quarter. Finally, World Investment Advisors increased its holdings in AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T traded down $0.73 during trading on Friday, reaching $26.80. The company had a trading volume of 37,033,507 shares, compared to its average volume of 36,551,421. The firm's fifty day moving average is $26.95 and its 200 day moving average is $24.28. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $192.38 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a twelve month low of $16.39 and a twelve month high of $29.03.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on T shares. Scotiabank increased their target price on AT&T from $29.00 to $29.50 and gave the stock a "sector outperform" rating in a report on Thursday. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. TD Securities boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday. Finally, BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.62.

AT&T Company 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.