CapWealth Advisors LLC Sells 2,607 Shares of AT&T Inc. (NYSE:T)

CapWealth Advisors LLC decreased its position in AT&T Inc. (NYSE:T) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,738 shares of the technology company’s stock after selling 2,607 shares during the quarter. CapWealth Advisors LLC’s holdings in AT&T were worth $314,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sora Investors LLC bought a new stake in shares of AT&T in the 3rd quarter worth $11,265,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of AT&T by 2.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after buying an additional 383,015 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares during the last quarter. Retireful LLC purchased a new position in shares of AT&T in the 4th quarter worth about $1,163,000. Finally, Terril Brothers Inc. boosted its holdings in shares of AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after buying an additional 202,637 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.08 on Thursday, reaching $16.20. The stock had a trading volume of 13,797,685 shares, compared to its average volume of 38,263,617. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $19.83. The company has a market cap of $115.88 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $17.02 and its two-hundred day moving average is $16.48.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 56.63%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on T. Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Citigroup boosted their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $20.68.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.