AT&T Inc. (NYSE:T) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 26.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,072 shares of the technology company’s stock after selling 4,703 shares during the period. WealthPLAN Partners LLC’s holdings in AT&T were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership acquired a new stake in shares of AT&T in the fourth quarter valued at about $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the fourth quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new position in AT&T during the third quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on T. The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Stock Performance

Shares of T opened at $25.88 on Friday. The company has a 50-day simple moving average of $23.23 and a 200-day simple moving average of $22.04. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $185.66 billion, a PE ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.93.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.29%. AT&T’s payout ratio is 74.50%.

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.