AT&T Inc. (NYSE:T) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,121 shares of the technology company’s stock after selling 6,217 shares during the period. MONECO Advisors LLC’s holdings in AT&T were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in T. Carmel Capital Partners LLC raised its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new stake in shares of AT&T during the 3rd quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the 3rd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its position in shares of AT&T by 588.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after acquiring an additional 2,241 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on T. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Tigress Financial upped their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Trading Down 0.8 %

Shares of T stock opened at $16.89 on Wednesday. The stock has a 50-day simple moving average of $16.97 and a 200 day simple moving average of $16.62. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The stock has a market capitalization of $120.81 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.38 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same period in the prior year, the business posted $0.60 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is 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.