AT&T Inc. (NYSE:T) Shares Sold by Kelly Financial Group LLC

Kelly Financial Group LLC lessened its holdings in AT&T Inc. (NYSE:T) by 3.6% in the first quarter, HoldingsChannel.com reports. The firm owned 11,033 shares of the technology company’s stock after selling 417 shares during the period. Kelly Financial Group LLC’s holdings in AT&T were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the fourth quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T during the fourth quarter valued at $27,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $28,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.5%

Shares of AT&T stock opened at $28.13 on Friday. The stock’s fifty day moving average is $27.41 and its 200-day moving average is $25.63. 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 firm has a market capitalization of $202.43 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 12-month low of $17.49 and a 12-month high of $29.03.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio is 68.10%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, TD Securities upped their target price on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

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.