Nwam LLC Lowers Position in AT&T Inc. (NYSE:T)

Nwam LLC lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,134 shares of the technology company's stock after selling 10,569 shares during the period. Nwam LLC's holdings in AT&T were worth $3,313,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Keystone Financial Group lifted its holdings in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the period. Capstone Wealth Management LLC purchased a new position in AT&T during the first quarter valued at approximately $201,000. World Investment Advisors increased its holdings in AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its holdings in AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after buying an additional 365,776 shares during the period. Finally, Huber Capital Management LLC increased its holdings in AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after buying an additional 15,000 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock traded down $0.07 during mid-day trading on Friday, reaching $26.92. The company's stock had a trading volume of 27,403,482 shares, compared to its average volume of 36,379,903. The stock has a market cap of $193.71 billion, a PE ratio of 16.52, a P/E/G ratio of 3.37 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The company's 50 day moving average is $27.74 and its two-hundred day moving average is $26.44.

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 during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. AT&T's payout ratio is 68.10%.

Analyst Upgrades and Downgrades

Several research firms have commented on T. Scotiabank increased their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Wells Fargo & Company lifted their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Finally, Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average 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.