MONECO Advisors LLC Has $1.03 Million Stock Holdings in AT&T Inc. (NYSE:T)

MONECO Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,121 shares of the technology company’s stock after selling 6,217 shares during the period. MONECO Advisors LLC’s holdings in AT&T were worth $1,026,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in T. Carmel Capital Partners LLC lifted its position in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares during the last quarter. Lipe & Dalton bought a new position in shares of AT&T during the third quarter worth approximately $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T during the third quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its stake in shares of AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,626 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.8 %

Shares of T stock opened at $16.89 on Wednesday. The stock’s fifty day moving average price is $16.97 and its two-hundred day moving average price is $16.62. The company has a market cap of $120.81 billion, a PE ratio of 9.08, a P/E/G ratio of 3.38 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 59.68%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on T. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Scotiabank increased their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Company 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.