Westwood Holdings Group Inc. Has $4.33 Million Position in AT&T Inc. $T

Westwood Holdings Group Inc. cut its holdings in AT&T Inc. (NYSE:T) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 149,755 shares of the technology company’s stock after selling 6,263 shares during the period. Westwood Holdings Group Inc.’s holdings in AT&T were worth $4,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Fountainhead AM LLC acquired a new stake in AT&T in the first quarter worth $240,000. OneAscent Family Office LLC increased its stake in AT&T by 12.3% in the first quarter. OneAscent Family Office LLC now owns 11,498 shares of the technology company’s stock valued at $325,000 after purchasing an additional 1,263 shares in the last quarter. Elyxium Wealth LLC bought a new stake in AT&T in the first quarter valued at $734,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of AT&T by 12.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 3,987 shares of the technology company’s stock valued at $113,000 after purchasing an additional 451 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. Wall Street Zen downgraded AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Price Performance

T stock opened at $25.62 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The business has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $27.56. The company has a market capitalization of $181.65 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

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.