Courier Capital LLC Trims Holdings in AT&T Inc. (NYSE:T)

Courier Capital LLC trimmed its position in AT&T Inc. (NYSE:T) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,740 shares of the technology company’s stock after selling 1,210 shares during the period. Courier Capital LLC’s holdings in AT&T were worth $1,803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $28,000. Finally, Tradewinds Capital Management LLC increased its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on T shares. Wells Fargo & Company increased their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial increased their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Scotiabank reissued an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.71.

AT&T Stock Down 0.7%

T stock opened at $27.88 on Tuesday. AT&T Inc. has a twelve month low of $17.42 and a twelve month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $200.58 billion, a P/E ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.41. The firm has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $25.52.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.98%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

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.