U.S. Capital Wealth Advisors LLC Sells 11,649 Shares of AT&T Inc. (NYSE:T)

U.S. Capital Wealth Advisors LLC trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 743,222 shares of the technology company's stock after selling 11,649 shares during the period. AT&T accounts for approximately 0.6% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 29th largest holding. U.S. Capital Wealth Advisors LLC's holdings in AT&T were worth $21,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after acquiring an additional 6,220,442 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC boosted its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Norges Bank bought a new position in shares of AT&T in the fourth quarter worth $1,858,418,000. Finally, Northern Trust Corp boosted its holdings in shares of AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after acquiring an additional 10,945,679 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

T stock traded up $0.03 during trading on Monday, reaching $28.39. The company's stock had a trading volume of 22,445,029 shares, compared to its average volume of 36,440,756. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The company's fifty day moving average is $27.79 and its 200-day moving average is $26.17. The company has a market capitalization of $204.28 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. AT&T's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.91%. AT&T's dividend payout ratio is presently 68.10%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on T. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. TD Securities lifted their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Morgan Stanley reissued an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $29.05.

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.