Kwmg LLC Reduces Stock Position in AT&T Inc. (NYSE:T)

Kwmg LLC trimmed its position in AT&T Inc. (NYSE:T) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 271,253 shares of the technology company’s stock after selling 11,969 shares during the quarter. Kwmg LLC’s holdings in AT&T were worth $6,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of T. Bar Harbor Wealth Management raised its stake in shares of AT&T by 3.1% during the 4th quarter. Bar Harbor Wealth Management now owns 32,841 shares of the technology company’s stock valued at $748,000 after buying an additional 1,001 shares during the last quarter. Persium Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $874,000. Cooper Financial Group lifted its holdings in AT&T by 14.5% in the fourth quarter. Cooper Financial Group now owns 22,223 shares of the technology company’s stock valued at $506,000 after acquiring an additional 2,813 shares during the period. Wedmont Private Capital boosted its position in AT&T by 68.1% in the 4th quarter. Wedmont Private Capital now owns 114,220 shares of the technology company’s stock worth $2,477,000 after purchasing an additional 46,271 shares in the last quarter. Finally, Talbot Financial LLC grew its stake in shares of AT&T by 0.3% during the 4th quarter. Talbot Financial LLC now owns 339,242 shares of the technology company’s stock worth $7,725,000 after purchasing an additional 1,144 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.6 %

AT&T stock traded down $0.13 during trading on Monday, reaching $21.56. 23,683,014 shares of the company were exchanged, compared to its average volume of 31,990,455. The stock’s 50 day simple moving average is $22.81 and its two-hundred day simple moving average is $21.24. The company has a market capitalization of $154.70 billion, a P/E ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. AT&T’s dividend payout ratio (DPR) is 90.24%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.76.

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.