AT&T Inc. (NYSE:T) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,242 shares of the technology company’s stock after selling 1,911 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in AT&T were worth $709,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of T. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T during the 3rd quarter valued at about $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T during the 3rd quarter valued at about $30,000. FWL Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth about $31,000. Finally, Financial Freedom LLC purchased a new position in AT&T in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.9 %

NYSE T traded down $0.15 during trading on Tuesday, hitting $16.09. The company had a trading volume of 49,169,633 shares, compared to its average volume of 38,659,406. AT&T Inc. has a one year low of $13.43 and a one year high of $19.92. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average is $17.07 and its 200-day moving average is $16.48. The company has a market cap of $115.09 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.90%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on T shares. Deutsche Bank Aktiengesellschaft raised their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. Tigress Financial lifted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T 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.