AT&T Inc. (NYSE:T) Stock Holdings Reduced by Wrapmanager Inc.

Wrapmanager Inc. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,943 shares of the technology company’s stock after selling 3,873 shares during the quarter. Wrapmanager Inc.’s holdings in AT&T were worth $351,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Carmel Capital Partners LLC raised its holdings in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T in the 3rd quarter valued at $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its stake in shares of AT&T by 588.2% in the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Tuesday, March 5th. Tigress Financial raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Up 0.4 %

Shares of NYSE:T traded up $0.07 during trading on Thursday, reaching $17.18. 22,541,685 shares of the company traded hands, compared to its average volume of 38,480,242. The firm has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $16.70. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The firm has a market cap of $123.18 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue was down .4% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.46%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

AT&T 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.