AT&T Inc. (NYSE:T) Shares Sold by NBC Securities Inc.

NBC Securities Inc. reduced its position in AT&T Inc. (NYSE:T) by 12.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 61,677 shares of the technology company’s stock after selling 8,416 shares during the quarter. NBC Securities Inc.’s holdings in AT&T were worth $1,034,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Sora Investors LLC acquired a new position in shares of AT&T during the 3rd quarter worth $11,265,000. Provence Wealth Management Group grew its stake in AT&T by 55.8% in the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock valued at $272,000 after acquiring an additional 5,807 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after acquiring an additional 1,178 shares during the last quarter. Retireful LLC acquired a new stake in AT&T in the 4th quarter valued at about $1,163,000. Finally, Brighton Jones LLC grew its stake in AT&T by 12.6% in the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock valued at $776,000 after acquiring an additional 5,161 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 0.1 %

NYSE:T traded down $0.01 during trading hours on Friday, hitting $17.17. The stock had a trading volume of 19,229,583 shares, compared to its average volume of 38,639,556. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The business has a 50 day simple moving average of $16.99 and a two-hundred day simple moving average of $16.72. The company has a market cap of $123.11 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 3.38 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the company earned $0.60 earnings per share. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.46%. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of brokerages recently commented on T. Citigroup increased their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Scotiabank upped their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

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.