Woodstock Corp Sells 917 Shares of AT&T Inc. (NYSE:T)


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Woodstock Corp lessened its stake in AT&T Inc. (NYSE:T) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,427 shares of the technology company’s stock after selling 917 shares during the period. Woodstock Corp’s holdings in AT&T were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TAP Consulting LLC lifted its stake in AT&T by 4.6% during the fourth quarter. TAP Consulting LLC now owns 8,008 shares of the technology company’s stock worth $230,000 after purchasing an additional 354 shares during the period. Horizon Investment Services LLC lifted its stake in AT&T by 5.0% during the fourth quarter. Horizon Investment Services LLC now owns 7,820 shares of the technology company’s stock worth $225,000 after purchasing an additional 375 shares during the period. Hohimer Wealth Management LLC lifted its stake in AT&T by 0.3% during the fourth quarter. Hohimer Wealth Management LLC now owns 150,118 shares of the technology company’s stock worth $4,317,000 after purchasing an additional 378 shares during the period. Pure Financial Advisors Inc. lifted its stake in AT&T by 3.5% during the fourth quarter. Pure Financial Advisors Inc. now owns 11,273 shares of the technology company’s stock worth $324,000 after purchasing an additional 379 shares during the period. Finally, Chapman Investment Management LLC lifted its stake in AT&T by 1.4% during the fourth quarter. Chapman Investment Management LLC now owns 28,667 shares of the technology company’s stock worth $824,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 51.17% of the company’s stock.

Shares of AT&T stock traded down $0.72 during midday trading on Thursday, reaching $30.21. The company had a trading volume of 471,670 shares, compared to its average volume of 44,308,855. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $215.45 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The stock has a fifty day simple moving average of $29.64 and a 200 day simple moving average of $28.91. AT&T Inc. has a 1-year low of $26.35 and a 1-year high of $33.24.

AT&T (NYSE:T) last released its earnings results on Tuesday, January 26th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The firm had revenue of $45.70 billion during the quarter, compared to analyst estimates of $44.58 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 3.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Thursday, April 8th. AT&T’s dividend payout ratio is presently 58.26%.

T has been the subject of several recent analyst reports. Raymond James reaffirmed a “buy” rating on shares of AT&T in a report on Monday, March 15th. Credit Suisse Group dropped their price objective on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price objective for the company in a report on Thursday, December 10th. Morgan Stanley lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $36.00 to $34.00 in a report on Thursday, December 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of AT&T from $36.00 to $31.00 in a report on Monday, February 8th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.47.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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