AT&T Inc. (NYSE:T) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management trimmed its stake in shares of AT&T Inc. (NYSE:T) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,358 shares of the technology company’s stock after selling 3,075 shares during the period. Keudell Morrison Wealth Management’s holdings in AT&T were worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in AT&T during the fourth quarter worth approximately $34,000. Reston Wealth Management LLC acquired a new stake in AT&T in the third quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the third quarter valued at approximately $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday. Evercore ISI increased their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Scotiabank upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Stock Down 0.8 %

Shares of NYSE T opened at $24.04 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $22.91 and its two-hundred day moving average is $21.59. The firm has a market cap of $172.46 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts predict that AT&T Inc. will post 2.12 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

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.