Cedar Capital LLC Sells 2,082 Shares of AT&T Inc. (T)

Cedar Capital LLC lowered its holdings in shares of AT&T Inc. (NYSE:T) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,267 shares of the technology company’s stock after selling 2,082 shares during the period. Cedar Capital LLC’s holdings in AT&T were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NuWave Investment Management LLC acquired a new stake in AT&T during the fourth quarter worth $40,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $76,000. Creative Financial Designs Inc. ADV boosted its stake in shares of AT&T by 86.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock valued at $77,000 after purchasing an additional 1,249 shares in the last quarter. New Capital Management LP boosted its stake in shares of AT&T by 234.6% in the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock valued at $96,000 after purchasing an additional 2,348 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at $121,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

AT&T stock opened at $31.25 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.72 and a quick ratio of 0.72. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $34.53. The stock has a market capitalization of $187.06 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.29 and a beta of 0.58.



AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The business had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, sell-side analysts predict that AT&T Inc. will post 3.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.51 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.53%. AT&T’s dividend payout ratio is 57.95%.

Several equities research analysts have recently commented on T shares. Desjardins restated an “average” rating and issued a $56.50 target price on shares of AT&T in a research note on Friday, April 5th. Cowen restated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. Barclays set a $32.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Friday, January 18th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.32.

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About AT&T

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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