AT&T Inc. (NYSE:T) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its stake in AT&T Inc. (NYSE:T) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,053 shares of the technology company’s stock after selling 14,450 shares during the period. Schnieders Capital Management LLC’s holdings in AT&T were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of T. 1900 Wealth Management LLC lifted its stake in AT&T by 6.8% during the 3rd quarter. 1900 Wealth Management LLC now owns 16,431 shares of the technology company’s stock valued at $247,000 after acquiring an additional 1,044 shares during the period. Avior Wealth Management LLC increased its holdings in shares of AT&T by 9.3% during the 3rd quarter. Avior Wealth Management LLC now owns 79,474 shares of the technology company’s stock valued at $1,194,000 after purchasing an additional 6,739 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of AT&T during the 3rd quarter valued at approximately $185,000. Exchange Traded Concepts LLC increased its holdings in shares of AT&T by 33.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock valued at $651,000 after purchasing an additional 10,758 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in shares of AT&T by 5.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 216,169 shares of the technology company’s stock valued at $3,247,000 after purchasing an additional 10,256 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

T traded up $0.31 during trading on Wednesday, hitting $16.81. The stock had a trading volume of 73,739,885 shares, compared to its average volume of 39,243,203. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The firm has a market capitalization of $120.24 billion, a P/E ratio of 8.38, a PEG ratio of 2.46 and a beta of 0.57. The company’s 50-day moving average price is $16.98 and its 200 day moving average price is $16.54. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.60%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on T. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Barclays lifted their target price on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

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.