AT&T Inc. (NYSE:T) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,844 shares of the technology company’s stock after selling 619 shares during the quarter. Wolff Wiese Magana LLC’s holdings in AT&T were worth $65,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of T. Quest Partners LLC increased its holdings in shares of AT&T by 5,378.3% in the second quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after purchasing an additional 3,711 shares during the period. Thoroughbred Financial Services LLC grew its position in AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock worth $372,000 after purchasing an additional 4,824 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of AT&T by 32.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock valued at $2,173,000 after buying an additional 27,970 shares during the last quarter. Sierra Summit Advisors LLC lifted its holdings in shares of AT&T by 32.5% in the 2nd quarter. Sierra Summit Advisors LLC now owns 13,521 shares of the technology company’s stock valued at $258,000 after buying an additional 3,316 shares during the period. Finally, Wulff Hansen & CO. boosted its stake in shares of AT&T by 1,656.6% in the second quarter. Wulff Hansen & CO. now owns 216,344 shares of the technology company’s stock worth $4,134,000 after buying an additional 204,028 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on T shares. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $25.76.

AT&T Price Performance

AT&T stock opened at $22.05 on Wednesday. The company’s 50 day simple moving average is $22.80 and its 200-day simple moving average is $21.28. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The company has a market capitalization of $158.22 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

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 analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.03%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

About AT&T

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.