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

HighMark Wealth Management LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,248 shares of the technology company’s stock after selling 618 shares during the period. HighMark Wealth Management LLC’s holdings in AT&T were worth $51,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AMF Tjanstepension AB grew its position in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after purchasing an additional 1,161,152 shares during the last quarter. Creative Planning grew its holdings in AT&T by 2.8% in the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock worth $34,413,000 after buying an additional 43,218 shares in the last quarter. Resonant Capital Advisors LLC increased its position in AT&T by 32.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 19,166 shares of the technology company’s stock valued at $422,000 after acquiring an additional 4,662 shares during the period. Cyndeo Wealth Partners LLC increased its holdings in shares of AT&T by 39.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 45,109 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,825 shares during the period. Finally, Vest Financial LLC raised its stake in shares of AT&T by 72.5% during the third quarter. Vest Financial LLC now owns 67,045 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 28,180 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.0 %

AT&T stock opened at $25.88 on Tuesday. The firm’s 50 day moving average price is $23.23 and its two-hundred day moving average price is $22.08. The firm has a market cap of $185.66 billion, a PE ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, research analysts predict that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.29%. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on T shares. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays raised their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Profile

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.