Cwm LLC decreased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,381,434 shares of the technology company's stock after selling 37,985 shares during the quarter. Cwm LLC's holdings in AT&T were worth $67,347,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of T. Next Level Private LLC lifted its stake in AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its stake in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after buying an additional 384 shares in the last quarter. Kozak & Associates Inc. lifted its stake in AT&T by 9.4% in the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC lifted its stake in AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after buying an additional 399 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
AT&T Trading Down 2.4%
T stock opened at $26.97 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The company has a fifty day moving average price of $27.82 and a two-hundred day moving average price of $26.32. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The stock has a market cap of $194.07 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 3.37 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company's revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on T. TD Securities lifted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Tigress Financial lifted their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday. One research 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 stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $29.12.
Check Out Our Latest Research Report on AT&T
AT&T Profile
(
Free Report)
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.
Further Reading
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