Kiley Juergens Wealth Management LLC Sells 1,911 Shares of AT&T Inc. (NYSE:T)

Kiley Juergens Wealth Management LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 4.3% in the fourth quarter, HoldingsChannel reports. The fund owned 42,242 shares of the technology company’s stock after selling 1,911 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in AT&T were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in AT&T by 0.5% in the first quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock valued at $5,530,602,000 after purchasing an additional 1,567,008 shares during the last quarter. Newport Trust Company LLC increased its holdings in AT&T by 0.3% in the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after purchasing an additional 673,043 shares during the last quarter. Morgan Stanley increased its holdings in AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after purchasing an additional 29,769,976 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after purchasing an additional 76,746,649 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after purchasing an additional 1,828,237 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on T shares. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, January 19th. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Finally, Barclays upped their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Price Performance

Shares of T stock traded down $0.15 during trading hours on Tuesday, reaching $16.09. The company’s stock had a trading volume of 49,169,633 shares, compared to its average volume of 38,659,406. The firm’s 50 day simple moving average is $17.07 and its 200-day simple moving average is $16.48. The company has a market capitalization of $115.09 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.46 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.92. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same period in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is presently 56.63%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.