Windle Wealth LLC Sells 18,232 Shares of AT&T Inc. (NYSE:T)

Windle Wealth LLC lowered its stake in AT&T Inc. (NYSE:T) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,150 shares of the technology company’s stock after selling 18,232 shares during the period. AT&T comprises 4.5% of Windle Wealth LLC’s investment portfolio, making the stock its 5th biggest position. Windle Wealth LLC’s holdings in AT&T were worth $8,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its position in shares of AT&T by 62.0% during the 3rd quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock worth $4,288,000 after acquiring an additional 74,607 shares in the last quarter. Baker Avenue Asset Management LP acquired a new position in AT&T during the third quarter worth approximately $261,000. Ashton Thomas Securities LLC purchased a new position in shares of AT&T in the 3rd quarter valued at approximately $812,000. Patten & Patten Inc. TN grew its stake in shares of AT&T by 9.2% in the 3rd quarter. Patten & Patten Inc. TN now owns 17,820 shares of the technology company’s stock valued at $392,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of AT&T by 35.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock valued at $331,000 after purchasing an additional 3,948 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Stock Performance

NYSE T opened at $26.02 on Wednesday. The stock has a market cap of $186.74 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business has a fifty day moving average of $24.46 and a 200-day moving average of $22.94. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

About AT&T

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.