AT&T Inc. (NYSE:T) Shares Sold by Salomon & Ludwin LLC

Salomon & Ludwin LLC decreased its position in AT&T Inc. (NYSE:T) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,105 shares of the technology company’s stock after selling 548 shares during the quarter. Salomon & Ludwin LLC’s holdings in AT&T were worth $139,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in shares of AT&T during the fourth quarter valued at $38,000. Lodestone Wealth Management LLC lifted its position in AT&T by 4.8% during the fourth quarter. Lodestone Wealth Management LLC now owns 11,705 shares of the technology company’s stock worth $267,000 after buying an additional 541 shares during the period. Guyasuta Investment Advisors Inc. lifted its position in AT&T by 3.2% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 44,020 shares of the technology company’s stock worth $1,002,000 after buying an additional 1,346 shares during the period. Kessler Investment Group LLC lifted its position in AT&T by 8.5% during the fourth quarter. Kessler Investment Group LLC now owns 21,123 shares of the technology company’s stock worth $481,000 after buying an additional 1,659 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Wells Fargo & Company cut their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

Shares of T opened at $25.88 on Friday. The firm has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. The stock has a 50 day moving average of $23.19 and a 200-day moving average of $21.99. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. 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 earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

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

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.