Parcion Private Wealth LLC Lowers Position in AT&T Inc. (NYSE:T)

Parcion Private Wealth LLC lessened its holdings in AT&T Inc. (NYSE:T) by 28.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,642 shares of the technology company’s stock after selling 5,018 shares during the period. Parcion Private Wealth LLC’s holdings in AT&T were worth $288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter worth $25,000. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% during 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 in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the fourth quarter valued at about $34,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.6 %

NYSE T opened at $26.23 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $188.28 billion, a PE ratio of 17.60, a PEG ratio of 2.99 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.35. The business’s 50-day moving average is $23.38 and its 200 day moving average is $22.20.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.23%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on T. DZ Bank upgraded 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. Scotiabank raised their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised 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. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $26.33.

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.