West Branch Capital LLC Has $259,000 Stake in AT&T Inc. (NYSE:T)

West Branch Capital LLC lessened its stake in shares of AT&T Inc. (NYSE:TFree Report) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,453 shares of the technology company’s stock after selling 2,702 shares during the period. West Branch Capital LLC’s holdings in AT&T were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after acquiring an additional 547 shares during the period. SMH Capital Advisors Inc. increased its stake in shares of AT&T by 1.8% during the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after purchasing an additional 565 shares during the last quarter. Kahn Brothers Group Inc. increased its stake in shares of AT&T by 3.4% during the 4th quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after purchasing an additional 575 shares during the last quarter. Schubert & Co raised its holdings in shares of AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after purchasing an additional 631 shares during the period. Finally, Hancock Whitney Corp lifted its position in shares of AT&T by 0.9% during the 1st quarter. Hancock Whitney Corp now owns 74,780 shares of the technology company’s stock valued at $1,439,000 after buying an additional 654 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays boosted their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Citigroup raised their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Tigress Financial increased their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.61.

Read Our Latest Analysis on T

AT&T Stock Performance

Shares of T opened at $17.60 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $17.15 and a 200-day moving average price of $16.30. The company has a market cap of $125.89 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.31%. AT&T’s payout ratio is 56.63%.

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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