AT&T Inc. (T) Position Trimmed by Lbmc Investment Advisors LLC
Lbmc Investment Advisors LLC reduced its position in AT&T Inc. (NYSE:T) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,465 shares of the technology company’s stock after selling 1,928 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in AT&T were worth $470,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. TCI Wealth Advisors Inc. boosted its stake in shares of AT&T by 0.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 62,943 shares of the technology company’s stock valued at $1,796,000 after purchasing an additional 330 shares in the last quarter. Legacy Advisors LLC boosted its stake in shares of AT&T by 1.7% during the fourth quarter. Legacy Advisors LLC now owns 21,287 shares of the technology company’s stock valued at $608,000 after purchasing an additional 363 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its stake in shares of AT&T by 0.7% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 61,929 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 429 shares in the last quarter. Shelton Capital Management boosted its stake in shares of AT&T by 0.3% during the fourth quarter. Shelton Capital Management now owns 137,513 shares of the technology company’s stock valued at $3,925,000 after purchasing an additional 456 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its stake in shares of AT&T by 10.6% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock valued at $148,000 after purchasing an additional 500 shares in the last quarter. 63.33% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on T shares. ValuEngine upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Monday. Desjardins restated an “average” rating and issued a $56.50 target price on shares of AT&T in a research note on Friday, April 5th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Friday, March 15th. They noted that the move was a valuation call. Finally, Cowen restated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.32.
AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.86. The business had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 3.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a $0.51 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.35%. AT&T’s dividend payout ratio is currently 57.95%.
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AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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