AT&T Inc. (NYSE:T) Shares Sold by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc reduced its position in AT&T Inc. (NYSE:T) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 62,711 shares of the technology company’s stock after selling 1,629 shares during the quarter. AT&T comprises about 0.8% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 25th largest position. Armstrong Fleming & Moore Inc’s holdings in AT&T were worth $1,052,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Sora Investors LLC acquired a new position in shares of AT&T during the 3rd quarter worth $11,265,000. Checchi Capital Advisers LLC grew its stake in shares of AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares during the period. Retireful LLC acquired a new position in shares of AT&T during the 4th quarter worth $1,163,000. Terril Brothers Inc. grew its stake in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after acquiring an additional 202,637 shares during the last quarter. Finally, Breakwater Capital Group grew its stake in AT&T by 10.5% in the 4th quarter. Breakwater Capital Group now owns 30,770 shares of the technology company’s stock valued at $517,000 after acquiring an additional 2,927 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 0.2 %

T traded up $0.03 on Wednesday, reaching $16.92. 38,979,234 shares of the company’s stock were exchanged, compared to its average volume of 39,369,152. The company’s 50 day moving average is $16.97 and its 200-day moving average is $16.62. The company has a market cap of $121.03 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 3.38 and a beta of 0.57. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Equities analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.56%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Scotiabank increased their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Citigroup increased their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.81.

About AT&T

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.