Quadrant Private Wealth Management LLC Sells 3,217 Shares of AT&T Inc. (NYSE:T)

Quadrant Private Wealth Management LLC decreased its holdings in AT&T Inc. (NYSE:T) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,946 shares of the technology company’s stock after selling 3,217 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in AT&T were worth $2,845,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings 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 purchasing an additional 841 shares during the period. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter worth approximately $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.0 %

Shares of NYSE:T opened at $25.88 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.93. The firm has a fifty day moving average of $23.19 and a 200 day moving average of $21.99. The firm has a market capitalization of $185.66 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on T shares. Scotiabank lifted their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.