Tilt Investment Management Holdings PBC Reduces Holdings in AT&T Inc. (NYSE:T)

Tilt Investment Management Holdings PBC reduced its position in AT&T Inc. (NYSE:T) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,032 shares of the technology company’s stock after selling 8,268 shares during the period. Tilt Investment Management Holdings PBC’s holdings in AT&T were worth $487,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of T. Axiom Financial Strategies LLC grew its holdings in AT&T by 12.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after acquiring an additional 1,941 shares in the last quarter. Roundview Capital LLC grew its stake in AT&T by 62.3% in the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares in the last quarter. Sei Investments Co. increased its holdings in AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after buying an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after buying an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after buying an additional 11,722 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

T stock traded up $0.12 on Thursday, reaching $16.24. The company’s stock had a trading volume of 20,082,979 shares, compared to its average volume of 38,350,898. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.83. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market capitalization of $116.16 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The firm has a fifty day moving average of $17.02 and a two-hundred day moving average of $16.48.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.83%. AT&T’s payout ratio is 56.63%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.