AT&T Inc. (NYSE:T) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC cut its holdings in AT&T Inc. (NYSE:T) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,992 shares of the technology company’s stock after selling 4,046 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in AT&T were worth $296,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of T. Diversified Trust Co raised its stake in AT&T by 0.7% in the 4th quarter. Diversified Trust Co now owns 170,419 shares of the technology company’s stock valued at $3,880,000 after purchasing an additional 1,192 shares during the last quarter. Bangor Savings Bank grew its holdings in shares of AT&T by 1.8% during the fourth quarter. Bangor Savings Bank now owns 75,123 shares of the technology company’s stock worth $1,711,000 after buying an additional 1,298 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its position in shares of AT&T by 3.8% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 59,359 shares of the technology company’s stock valued at $1,352,000 after buying an additional 2,197 shares during the last quarter. Advance Capital Management Inc. lifted its stake in shares of AT&T by 0.9% during the fourth quarter. Advance Capital Management Inc. now owns 90,290 shares of the technology company’s stock valued at $2,056,000 after buying an additional 831 shares during the period. Finally, Neville Rodie & Shaw Inc. lifted its stake in shares of AT&T by 92.6% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 58,775 shares of the technology company’s stock valued at $1,338,000 after buying an additional 28,262 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Barclays boosted their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $22.00 to $26.00 in a research note on Monday. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Sanford C. Bernstein began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.76.

AT&T Stock Down 0.6 %

Shares of T traded down $0.14 during midday trading on Tuesday, reaching $22.46. 9,902,800 shares of the company were exchanged, compared to its average volume of 24,283,406. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a market cap of $161.16 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 3.60 and a beta of 0.59. The stock has a 50-day moving average price of $22.83 and a 200-day moving average price of $21.14.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the previous year, the company posted $0.64 EPS. AT&T’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 90.24%.

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.