RHS Financial LLC Sells 476 Shares of AT&T Inc. (NYSE:T)

RHS Financial LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,779 shares of the technology company’s stock after selling 476 shares during the quarter. RHS Financial LLC’s holdings in AT&T were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on T. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. Finally, Barclays boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.71.

AT&T Stock Performance

T opened at $28.13 on Friday. AT&T Inc. has a 12-month low of $17.49 and a 12-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 firm has a market capitalization of $202.43 billion, a PE ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. The firm has a 50 day moving average of $27.41 and a two-hundred day moving average of $25.64.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T’s dividend payout ratio is currently 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.