AT&T Inc. (NYSE:T) Shares Sold by Griffith & Werner Inc.

Griffith & Werner Inc. reduced its position in AT&T Inc. (NYSE:T - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,454 shares of the technology company's stock after selling 14,862 shares during the quarter. AT&T makes up 3.9% of Griffith & Werner Inc.'s portfolio, making the stock its 4th largest holding. Griffith & Werner Inc.'s holdings in AT&T were worth $6,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Consolidated Planning Corp increased its stake in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after buying an additional 21,927 shares in the last quarter. Keystone Financial Group increased its position in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the period. World Investment Advisors increased its position in AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its position in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, Fortress Financial Solutions LLC acquired a new stake in AT&T in the fourth quarter worth about $691,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T traded down $0.11 during trading hours on Wednesday, hitting $28.32. The company had a trading volume of 31,096,397 shares, compared to its average volume of 39,655,602. The firm has a market cap of $203.74 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 3.00 and a beta of 0.41. The business has a fifty day moving average of $27.31 and a 200-day moving average of $25.54. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. AT&T's payout ratio is 68.10%.

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Scotiabank restated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Royal Bank of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Company 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.