CapWealth Advisors LLC Trims Stock Position in AT&T Inc. (NYSE:T)

CapWealth Advisors LLC lowered its position in AT&T Inc. (NYSE:T) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,794 shares of the technology company’s stock after selling 1,599 shares during the quarter. CapWealth Advisors LLC’s holdings in AT&T were worth $337,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of 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 acquiring an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the 4th quarter worth $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T during the third quarter valued at about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 1.0 %

Shares of T opened at $25.88 on Friday. The stock’s 50-day moving average price is $23.19 and its 200-day moving average price is $21.99. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $25.93.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. 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 report on Thursday, January 16th. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

AT&T 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.