apricus wealth LLC Lowers Holdings in AT&T Inc. (NYSE:T)

apricus wealth LLC lowered its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,367 shares of the technology company's stock after selling 39,294 shares during the quarter. apricus wealth LLC's holdings in AT&T were worth $1,028,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Consolidated Planning Corp grew its holdings in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Keystone Financial Group grew its holdings in AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after acquiring an additional 143,744 shares in the last quarter. World Investment Advisors grew its holdings in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after acquiring an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. grew its holdings in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after acquiring an additional 365,776 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new position in AT&T during the 4th quarter worth about $691,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

AT&T stock traded down $0.14 during trading hours on Friday, hitting $28.13. 22,422,913 shares of the stock traded hands, compared to its average volume of 36,665,525. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm's 50 day moving average price is $27.41 and its 200-day moving average price is $25.64. The stock has a market capitalization of $202.43 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 1 year low of $17.49 and a 1 year high of $29.03.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T's payout ratio is 68.10%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Tigress Financial boosted their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, TD Securities boosted their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.71.

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.