Inspirion Wealth Advisors LLC Trims Position in AT&T Inc. (NYSE:T)

Inspirion Wealth Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 11.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,009 shares of the technology company’s stock after selling 1,357 shares during the period. Inspirion Wealth Advisors LLC’s holdings in AT&T were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Pineridge Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth about $25,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T during the third quarter worth about $30,000. Western Pacific Wealth Management LP acquired a new position in AT&T during the fourth quarter worth about $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in AT&T by 35.3% during 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 during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, April 29th. UBS Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of AT&T in a report on Tuesday, June 18th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $21.00 price target on shares of AT&T in a report on Tuesday. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $21.54.

AT&T Trading Up 0.2 %

NYSE:T traded up $0.04 during trading hours on Wednesday, reaching $18.73. 6,162,294 shares of the company were exchanged, compared to its average volume of 36,617,215. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market cap of $134.30 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 4.25 and a beta of 0.60. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.75. The stock has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $17.13.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

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.