Hara Capital LLC Sells 2,017 Shares of AT&T Inc. (NYSE:T)

Hara Capital LLC lessened its holdings in AT&T Inc. (NYSE:T) by 52.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,865 shares of the technology company’s stock after selling 2,017 shares during the period. Hara Capital LLC’s holdings in AT&T were worth $42,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Creative Planning increased its holdings in AT&T by 2.8% in the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock worth $34,413,000 after acquiring an additional 43,218 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in AT&T by 32.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 19,166 shares of the technology company’s stock worth $422,000 after acquiring an additional 4,662 shares in the last quarter. Cyndeo Wealth Partners LLC increased its holdings in AT&T by 39.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 45,109 shares of the technology company’s stock worth $992,000 after acquiring an additional 12,825 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in AT&T by 72.5% in the 3rd quarter. Vest Financial LLC now owns 67,045 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 28,180 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup increased their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company cut their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.0 %

Shares of T opened at $25.88 on Tuesday. The company has a market cap of $185.66 billion, a PE ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. The business has a fifty day moving average of $23.23 and a 200 day moving average of $22.08. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.93. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders 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 4.29%. AT&T’s dividend payout ratio (DPR) is 74.50%.

AT&T 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.