AT&T Inc. (NYSE:T) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC trimmed its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 31.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,954 shares of the technology company's stock after selling 141,436 shares during the quarter. AT&T comprises 1.6% of Alpha Omega Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding. Alpha Omega Wealth Management LLC's holdings in AT&T were worth $8,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new stake in AT&T in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC grew its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.5%

NYSE T traded down $0.15 during mid-day trading on Thursday, hitting $28.19. The company's stock had a trading volume of 10,071,216 shares, compared to its average volume of 36,587,685. The firm has a market capitalization of $202.84 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 52-week low of $17.42 and a 52-week high of $29.03. The stock's fifty day simple moving average is $27.35 and its two-hundred day simple moving average is $25.56.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. TD Securities lifted their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

About AT&T

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.