Impact Partnership Wealth LLC Decreases Position in AT&T Inc. (NYSE:T)

Impact Partnership Wealth LLC lowered its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 40.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,148 shares of the technology company's stock after selling 21,993 shares during the quarter. Impact Partnership Wealth LLC's holdings in AT&T were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of T. Beckerman Institutional LLC acquired a new position in shares of AT&T during the first quarter worth $207,000. Resurgent Financial Advisors LLC grew its stake in shares of AT&T by 141.6% during the first quarter. Resurgent Financial Advisors LLC now owns 23,348 shares of the technology company's stock worth $660,000 after purchasing an additional 13,686 shares in the last quarter. PCG Wealth Advisors LLC grew its stake in shares of AT&T by 6.6% during the first quarter. PCG Wealth Advisors LLC now owns 14,076 shares of the technology company's stock worth $398,000 after purchasing an additional 876 shares in the last quarter. Denali Advisors LLC grew its stake in shares of AT&T by 6.6% during the first quarter. Denali Advisors LLC now owns 378,643 shares of the technology company's stock worth $10,708,000 after purchasing an additional 23,416 shares in the last quarter. Finally, Financial Harvest LLC acquired a new position in shares of AT&T during the first quarter worth $107,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T stock traded down $0.07 during midday trading on Friday, hitting $26.92. The company had a trading volume of 27,403,482 shares, compared to its average volume of 36,405,886. The company's 50 day simple moving average is $27.74 and its 200 day simple moving average is $26.47. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.19. The stock has a market cap of $193.71 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.36 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.

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 for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. AT&T's payout ratio is currently 68.10%.

Analyst Ratings Changes

A number of equities analysts recently commented on T shares. Royal Bank Of Canada boosted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Bank of America assumed coverage on shares of AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 target price for the company. TD Securities raised 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. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus price target of $29.17.

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.