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

Dakota Wealth Management reduced its holdings in AT&T Inc. (NYSE:T) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 67,444 shares of the technology company’s stock after selling 1,773 shares during the quarter. Dakota Wealth Management’s holdings in AT&T were worth $1,536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Chesapeake Wealth Management boosted its stake in shares of AT&T by 1.9% in the third quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock worth $535,000 after acquiring an additional 460 shares during the last quarter. Socha Financial Group LLC boosted its stake in shares of AT&T by 2.5% in the third quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock worth $415,000 after acquiring an additional 461 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its stake in shares of AT&T by 1.4% in the third quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock worth $759,000 after acquiring an additional 468 shares during the last quarter. Essex Savings Bank boosted its stake in shares of AT&T by 2.3% in the third quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock worth $476,000 after acquiring an additional 480 shares during the last quarter. Finally, Bourne Lent Asset Management Inc. boosted its stake in shares of AT&T by 1.3% in the fourth quarter. Bourne Lent Asset Management Inc. now owns 38,169 shares of the technology company’s stock worth $869,000 after acquiring an additional 499 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on T shares. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Tigress Financial boosted their price objective on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Performance

NYSE T opened at $22.51 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a market capitalization of $161.54 billion, a P/E ratio of 18.30, a PEG ratio of 3.53 and a beta of 0.59. The business has a 50 day moving average price of $22.80 and a 200 day moving average price of $21.40. 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 (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating 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 firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the business posted $0.64 EPS. AT&T’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

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.