CapWealth Advisors LLC Has $314,000 Stake in AT&T Inc. (NYSE:T)

CapWealth Advisors LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,738 shares of the technology company’s stock after selling 2,607 shares during the period. CapWealth Advisors LLC’s holdings in AT&T were worth $314,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Carmel Capital Partners LLC lifted its position in shares of AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in AT&T in the third quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T in the third quarter valued at approximately $30,000. FWL Investment Management LLC acquired a new position in AT&T in the fourth quarter valued at approximately $31,000. Finally, Financial Freedom LLC acquired a new position in AT&T in the fourth quarter valued at approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on T. Tigress Financial increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Barclays increased their price objective on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. Citigroup upped their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Stock Performance

Shares of NYSE T traded up $0.08 during mid-day trading on Thursday, reaching $16.20. 13,797,685 shares of the company were exchanged, compared to its average volume of 38,263,617. The company’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $16.48. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $115.88 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.43 and a beta of 0.57. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.83.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.