AT&T Inc. (NYSE:T) Shares Sold by Wealth Alliance

Wealth Alliance decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,930 shares of the technology company's stock after selling 19,876 shares during the quarter. Wealth Alliance's holdings in AT&T were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of T. LMG Wealth Partners LLC grew its holdings in AT&T by 0.6% in the fourth quarter. LMG Wealth Partners LLC now owns 83,811 shares of the technology company's stock valued at $1,908,000 after purchasing an additional 490 shares during the period. TBH Global Asset Management LLC boosted its holdings in shares of AT&T by 6.4% in the 4th quarter. TBH Global Asset Management LLC now owns 26,045 shares of the technology company's stock valued at $593,000 after purchasing an additional 1,557 shares during the last quarter. Financial Sense Advisors Inc. grew its stake in shares of AT&T by 11.1% during the 4th quarter. Financial Sense Advisors Inc. now owns 44,399 shares of the technology company's stock valued at $1,011,000 after buying an additional 4,423 shares during the period. Parthenon LLC increased its holdings in shares of AT&T by 3.4% during the 4th quarter. Parthenon LLC now owns 18,098 shares of the technology company's stock worth $412,000 after buying an additional 600 shares during the last quarter. Finally, Good Life Advisors LLC raised its position in shares of AT&T by 27.2% in the 4th quarter. Good Life Advisors LLC now owns 147,637 shares of the technology company's stock worth $3,362,000 after buying an additional 31,613 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 1.5 %

NYSE T traded up $0.41 during mid-day trading on Friday, reaching $26.56. 38,998,424 shares of the company's stock traded hands, compared to its average volume of 37,804,953. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.72. The company has a fifty day simple moving average of $23.44 and a 200-day simple moving average of $22.23. The company has a market cap of $190.62 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its quarterly 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, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price for the company. Scotiabank increased their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

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.