Delta Financial Advisors LLC Sells 3,831 Shares of AT&T Inc. (NYSE:T)

Delta Financial Advisors LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,474 shares of the technology company’s stock after selling 3,831 shares during the quarter. Delta Financial Advisors LLC’s holdings in AT&T were worth $377,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in T. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in AT&T by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after purchasing an additional 547 shares during the period. SMH Capital Advisors Inc. lifted its holdings in shares of AT&T by 1.8% in the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after buying an additional 565 shares in the last quarter. Kahn Brothers Group Inc. lifted its holdings in shares of AT&T by 3.4% in the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after buying an additional 575 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. Finally, JB Capital LLC lifted its holdings in shares of AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.5 %

NYSE T traded up $0.08 during trading hours on Thursday, reaching $16.20. 13,480,460 shares of the company’s stock traded hands, compared to its average volume of 38,255,508. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.83. The firm has a market cap of $115.88 billion, a PE ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. The firm has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $16.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67.

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

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on T shares. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Tigress Financial raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Barclays raised their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.68.

About AT&T

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.