Sterling Financial Planning Inc. Sells 3,817 Shares of AT&T Inc. (NYSE:T)


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Sterling Financial Planning Inc. lessened its position in shares of AT&T Inc. (NYSE:T) by 35.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,008 shares of the technology company’s stock after selling 3,817 shares during the period. Sterling Financial Planning Inc.’s holdings in AT&T were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Curi Capital purchased a new stake in shares of AT&T in the 4th quarter valued at $25,000. Flagship Private Wealth LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $27,000. Clear Perspectives Financial Planning LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $29,000. Iron Horse Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $31,000. Finally, Veritas Investment Partners UK Ltd. purchased a new stake in shares of AT&T in the 4th quarter valued at $31,000. 51.17% of the stock is owned by institutional investors and hedge funds.

T stock traded up $0.35 during trading on Tuesday, hitting $31.85. 695,016 shares of the stock traded hands, compared to its average volume of 43,032,539. AT&T Inc. has a 1 year low of $26.35 and a 1 year high of $33.24. The firm’s 50 day moving average is $30.38 and its two-hundred day moving average is $29.19. The stock has a market cap of $227.15 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.84 and a quick ratio of 0.84.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 21st. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $43.90 billion for the quarter, compared to the consensus estimate of $42.69 billion. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. As a group, analysts anticipate that AT&T Inc. will post 3.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 3rd. Stockholders of record on Friday, April 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Thursday, April 8th. AT&T’s payout ratio is presently 58.26%.

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of AT&T from $31.00 to $34.00 in a report on Wednesday, April 28th. Credit Suisse Group lowered their price target on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Monday, April 26th. CIBC restated a “buy” rating on shares of AT&T in a report on Wednesday, February 10th. Finally, Barclays upped their price objective on shares of AT&T from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, April 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.43.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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