WealthShield Partners LLC Sells 881 Shares of AT&T Inc. (NYSE:T)

WealthShield Partners LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,767 shares of the technology company’s stock after selling 881 shares during the quarter. WealthShield Partners LLC’s holdings in AT&T were worth $332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in T. Axiom Financial Strategies LLC grew its position in AT&T by 12.2% during the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after buying an additional 1,941 shares in the last quarter. Roundview Capital LLC grew its position in AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after buying an additional 9,450 shares in the last quarter. Sei Investments Co. grew its position in AT&T by 23.1% during the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after buying an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after buying an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after buying an additional 11,722 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on T. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. Wells Fargo & Company upped their price objective on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $21.61.

AT&T Trading Down 0.3 %

T opened at $17.56 on Friday. The business has a 50 day simple moving average of $17.20 and a two-hundred day simple moving average of $16.38. The firm has a market capitalization of $125.60 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 2.65 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a one year low of $13.43 and a one year high of $19.99.

AT&T (NYSE:T) 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 business had revenue of $32 billion for 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

AT&T Profile

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.