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

Wagner Wealth Management LLC lowered its holdings in AT&T Inc. (NYSE:T - Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,997 shares of the technology company's stock after selling 9,552 shares during the period. AT&T makes up 0.8% of Wagner Wealth Management LLC's holdings, making the stock its 24th biggest holding. Wagner Wealth Management LLC's holdings in AT&T were worth $3,309,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in AT&T in the fourth quarter valued at $1,858,418,000. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after buying an additional 26,280,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares during the period. Northern Trust Corp lifted its position in shares of AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after acquiring an additional 10,945,679 shares during the period. Finally, Assetmark Inc. raised its holdings in AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after purchasing an additional 9,719,036 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on T shares. Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Tigress Financial increased their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, TD Securities increased their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Price Performance

Shares of NYSE T opened at $27.95 on Tuesday. AT&T Inc. has a twelve month low of $17.49 and a twelve month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $201.08 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 3.00 and a beta of 0.41. The firm has a 50-day moving average of $27.44 and a two-hundred day moving average of $25.69.

AT&T (NYSE:T - Get Free Report) last posted 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). 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%. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.

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