Allen Mooney & Barnes Investment Advisors LLC Sells 16,115 Shares of AT&T Inc. (NYSE:T)

Allen Mooney & Barnes Investment Advisors LLC lowered its position in AT&T Inc. (NYSE:TFree Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,987 shares of the technology company’s stock after selling 16,115 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in AT&T were worth $4,312,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC grew its holdings in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares during the period. Lipe & Dalton acquired a new position in AT&T in the 3rd quarter worth $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T in the 3rd quarter worth $30,000. FWL Investment Management LLC acquired a new position in AT&T in the 4th quarter worth $31,000. Finally, Financial Freedom LLC acquired a new position in AT&T in the 4th quarter worth $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on T shares. Barclays upped their target price on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $21.61.

View Our Latest Report on T

AT&T Stock Down 0.6 %

Shares of T stock opened at $17.50 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The firm’s 50-day moving average is $17.15 and its 200-day moving average is $16.33. The stock has a market cap of $125.17 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.65 and a beta of 0.57. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.34%. AT&T’s dividend payout ratio is currently 56.63%.

About AT&T

(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.

Further Reading

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

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