Next Level Private LLC reduced its position in AT&T Inc. (NYSE:T – Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 113,000 shares of the technology company’s stock after selling 569 shares during the period. AT&T accounts for about 1.0% of Next Level Private LLC’s holdings, making the stock its 27th biggest holding. Next Level Private LLC’s holdings in AT&T were worth $2,573,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings 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 worth $29,000 after acquiring an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter worth approximately $34,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $22.00 to $26.00 in a report on Monday, January 6th. Evercore ISI increased their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.89.
AT&T Stock Up 6.2 %
NYSE T opened at $24.12 on Tuesday. The stock has a market cap of $173.05 billion, a PE ratio of 19.61, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.37. The business has a 50 day moving average price of $22.80 and a two-hundred day moving average price of $21.48. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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 7.42%. As a group, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio 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.
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