Western Wealth Management LLC Sells 96,151 Shares of AT&T Inc. (NYSE:T)

Western Wealth Management LLC cut its stake in AT&T Inc. (NYSE:T - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,415 shares of the technology company's stock after selling 96,151 shares during the period. Western Wealth Management LLC's holdings in AT&T were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in T. Norges Bank bought a new position in AT&T in the fourth quarter valued at $1,858,418,000. GQG Partners LLC boosted its stake in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. Northern Trust Corp grew its holdings in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after acquiring an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after acquiring an additional 9,719,036 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. TD Securities raised their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Tigress Financial increased their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Scotiabank restated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Barclays increased their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

T opened at $27.45 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The firm has a market cap of $197.50 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business's fifty day moving average is $27.30 and its 200-day moving average is $25.09.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 4.04%. AT&T's dividend payout ratio is currently 68.10%.

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.

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