AT&T Inc. (NYSE:T) Stock Holdings Lessened by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 68.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,198 shares of the technology company's stock after selling 96,654 shares during the period. Kingswood Wealth Advisors LLC's holdings in AT&T were worth $1,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake 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 purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Reston Wealth Management LLC bought a new position in shares of AT&T during the third quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the third quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

NYSE T traded down $0.28 on Friday, reaching $23.74. The company's stock had a trading volume of 40,341,358 shares, compared to its average volume of 35,177,680. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.66. The firm's 50 day moving average is $22.92 and its two-hundred day moving average is $21.62. The stock has a market cap of $170.34 billion, a PE ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts predict that AT&T Inc. will post 2.12 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their price objective on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $26.11.

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.