Carlton Hofferkamp & Jenks Wealth Management LLC Sells 522 Shares of AT&T Inc. (NYSE:T)

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in AT&T Inc. (NYSE:T) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 32,814 shares of the technology company’s stock after selling 522 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in AT&T were worth $803,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Chicago Partners Investment Group LLC raised its holdings in shares of AT&T by 8.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 56,156 shares of the technology company’s stock valued at $1,263,000 after purchasing an additional 4,244 shares during the period. F M Investments LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $223,000. Pure Financial Advisors LLC raised its holdings in shares of AT&T by 11.7% in the 3rd quarter. Pure Financial Advisors LLC now owns 20,463 shares of the technology company’s stock valued at $450,000 after purchasing an additional 2,148 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of AT&T in the 3rd quarter valued at about $62,000. Finally, Confluence Wealth Services Inc. raised its holdings in AT&T by 4.7% in the 3rd quarter. Confluence Wealth Services Inc. now owns 53,279 shares of the technology company’s stock valued at $1,172,000 after acquiring an additional 2,383 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

NYSE T opened at $27.69 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $198.76 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 3.00 and a beta of 0.59. The firm’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $22.64. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.86.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.01%. AT&T’s dividend payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several research firms have weighed in on T. DZ Bank raised 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, January 29th. UBS Group increased their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Scotiabank increased their price target on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday. Finally, The Goldman Sachs Group increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.45.

AT&T Company Profile

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.