AT&T Inc. (NYSE:T) Shares Sold by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC decreased its position in AT&T Inc. (NYSE:T) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,629 shares of the technology company’s stock after selling 501 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in AT&T were worth $401,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in AT&T in the 4th quarter worth about $34,000. Reston Wealth Management LLC acquired a new stake in AT&T during the 3rd quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the third quarter valued at about $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $24.23 on Thursday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The company has a fifty day simple moving average of $22.86 and a 200 day simple moving average of $21.55. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $173.89 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $26.11.

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.