HBW Advisory Services LLC reduced its holdings in shares of AT&T Inc. (NYSE:T) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,635 shares of the technology company’s stock after selling 9,914 shares during the period. AT&T accounts for about 1.4% of HBW Advisory Services LLC’s investment portfolio, making the stock its 28th largest holding. HBW Advisory Services LLC’s holdings in AT&T were worth $2,333,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of T. JJJ Advisors Inc. bought a new stake in shares of AT&T in the third quarter worth approximately $27,000. Bourgeon Capital Management LLC bought a new stake in shares of AT&T in the third quarter worth approximately $45,000. Fulcrum Equity Management bought a new stake in shares of AT&T in the third quarter worth approximately $51,000. Corbenic Partners LLC bought a new stake in shares of AT&T in the fourth quarter worth approximately $54,000. Finally, Quantum Capital Management bought a new stake in shares of AT&T in the third quarter worth approximately $57,000. 53.60% of the stock is owned by institutional investors.
Shares of NYSE T opened at $38.03 on Friday. The firm has a 50 day moving average of $38.54 and a 200 day moving average of $36.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $277.81 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. AT&T Inc. has a 12-month low of $28.92 and a 12-month high of $39.70.
AT&T (NYSE:T) last announced its earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $44.59 billion during the quarter, compared to analyst estimates of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Sell-side analysts predict that AT&T Inc. will post 3.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, January 9th. This represents a $2.08 annualized dividend and a yield of 5.47%. This is an increase from AT&T’s previous quarterly dividend of $0.51. AT&T’s payout ratio is currently 59.09%.
T has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Standpoint Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Raymond James reiterated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of AT&T in a research note on Tuesday, October 29th. Sanford C. Bernstein initiated coverage on shares of AT&T in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $36.00 price target for the company. Finally, UBS Group lifted their price target on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and a consensus target price of $39.22.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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