Kwmg LLC Trims Stake in AT&T Inc. (NYSE:T)

Kwmg LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 271,253 shares of the technology company’s stock after selling 11,969 shares during the period. Kwmg LLC’s holdings in AT&T were worth $6,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bar Harbor Wealth Management grew its holdings in AT&T by 3.1% in the fourth quarter. Bar Harbor Wealth Management now owns 32,841 shares of the technology company’s stock worth $748,000 after purchasing an additional 1,001 shares during the period. Persium Advisors LLC purchased a new stake in shares of AT&T in the 4th quarter worth approximately $874,000. Cooper Financial Group increased its position in AT&T by 14.5% during the 4th quarter. Cooper Financial Group now owns 22,223 shares of the technology company’s stock valued at $506,000 after buying an additional 2,813 shares in the last quarter. Wedmont Private Capital raised its stake in AT&T by 68.1% during the fourth quarter. Wedmont Private Capital now owns 114,220 shares of the technology company’s stock valued at $2,477,000 after buying an additional 46,271 shares during the last quarter. Finally, Talbot Financial LLC boosted its holdings in AT&T by 0.3% in the fourth quarter. Talbot Financial LLC now owns 339,242 shares of the technology company’s stock worth $7,725,000 after acquiring an additional 1,144 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Tigress Financial upped their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Trading Down 0.6 %

AT&T stock traded down $0.13 during midday trading on Monday, reaching $21.56. The stock had a trading volume of 23,683,014 shares, compared to its average volume of 31,990,455. The firm has a market cap of $154.70 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a fifty day moving average of $22.81 and a 200 day moving average of $21.24. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. On average, analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is presently 90.24%.

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.