AT&T Inc. (T) Shares Sold by Howard Capital Management

Howard Capital Management lessened its position in shares of AT&T Inc. (NYSE:T) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,108 shares of the technology company’s stock after selling 8,760 shares during the quarter. Howard Capital Management’s holdings in AT&T were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Advisors LLC lifted its stake in shares of AT&T by 1.7% during the 4th quarter. Legacy Advisors LLC now owns 21,287 shares of the technology company’s stock worth $608,000 after acquiring an additional 363 shares during the last quarter. Butensky & Cohen Financial Security Inc. lifted its stake in shares of AT&T by 0.7% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 61,929 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 429 shares during the last quarter. Advocacy Wealth Management Services LLC lifted its stake in shares of AT&T by 10.6% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock worth $148,000 after acquiring an additional 500 shares during the last quarter. HT Partners LLC lifted its stake in shares of AT&T by 4.3% during the 4th quarter. HT Partners LLC now owns 12,024 shares of the technology company’s stock worth $343,000 after acquiring an additional 500 shares during the last quarter. Finally, First United Bank Trust lifted its stake in shares of AT&T by 5.1% during the 4th quarter. First United Bank Trust now owns 15,894 shares of the technology company’s stock worth $454,000 after acquiring an additional 766 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.

T has been the subject of a number of research analyst reports. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Friday, March 15th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $37.00 price target on shares of AT&T in a research note on Friday, December 14th. Cowen reissued a “buy” rating and set a $35.00 price target on shares of AT&T in a research note on Thursday, January 31st. ValuEngine lowered AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reaffirmed an “average” rating and set a $56.50 target price on shares of AT&T in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.26.

Shares of NYSE T opened at $31.88 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $194.91 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.37 and a beta of 0.59. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $35.82.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. The business had revenue of $47.99 billion during the quarter, compared to analyst estimates of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. AT&T’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. Research analysts expect that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s payout ratio is 57.95%.

In other news, CEO John T. Stankey sold 3,748 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

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AT&T Profile

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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