BCS Wealth Management Sells 690 Shares of AT&T Inc. (NYSE:T)

BCS Wealth Management lessened its position in shares of AT&T Inc. (NYSE:T) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,424 shares of the technology company’s stock after selling 690 shares during the period. BCS Wealth Management’s holdings in AT&T were worth $1,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC boosted its holdings in AT&T by 5,378.3% during the second quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after purchasing an additional 3,711 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock worth $372,000 after buying an additional 4,824 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its stake in shares of AT&T by 12.1% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 12,039 shares of the technology company’s stock worth $230,000 after buying an additional 1,297 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of AT&T by 217.9% in the 2nd quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock valued at $1,361,000 after acquiring an additional 48,831 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of AT&T by 32.6% in the second quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock valued at $2,173,000 after acquiring an additional 27,970 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on T. JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Tigress Financial boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays increased their price target 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. Finally, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Stock Down 0.6 %

T stock opened at $21.56 on Tuesday. The business’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $21.26. The stock has a market capitalization of $154.70 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

AT&T Company 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.