Carson Advisory Inc. Sells 6,852 Shares of AT&T Inc. (NYSE:T)

Carson Advisory Inc. lowered its holdings in AT&T Inc. (NYSE:T) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,944 shares of the technology company’s stock after selling 6,852 shares during the quarter. AT&T makes up 1.7% of Carson Advisory Inc.’s portfolio, making the stock its 11th biggest position. Carson Advisory Inc.’s holdings in AT&T were worth $2,180,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. JB Capital LLC boosted its position in shares of AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of AT&T by 0.6% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company’s stock worth $1,877,000 after buying an additional 630 shares in the last quarter. Schubert & Co boosted its position in shares of AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after buying an additional 631 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in shares of AT&T by 4.5% in the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock worth $270,000 after buying an additional 678 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Scotiabank boosted their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Tigress Financial boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Trading Down 0.6 %

Shares of T stock traded down $0.10 during mid-day trading on Thursday, reaching $16.83. The company’s stock had a trading volume of 32,185,647 shares, compared to its average volume of 39,280,457. The company’s 50 day simple moving average is $16.96 and its 200-day simple moving average is $16.62. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $120.35 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.60%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

About AT&T

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.