Colonial River Wealth Management LLC Has $673,000 Stock Holdings in AT&T Inc. (NYSE:T)

Colonial River Wealth Management LLC trimmed its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 29.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,110 shares of the technology company’s stock after selling 16,769 shares during the period. Colonial River Wealth Management LLC’s holdings in AT&T were worth $673,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of T. State Street Corp raised its holdings in shares of AT&T by 3.4% in the 2nd quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock valued at $4,738,520,000 after purchasing an additional 9,781,352 shares during the period. Newport Trust Company LLC raised its holdings in shares of AT&T by 0.3% in the 3rd 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 period. Morgan Stanley raised its holdings in shares of AT&T by 37.3% in the 4th 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 period. Moneta Group Investment Advisors LLC raised its holdings in shares of AT&T by 85,003.0% in the 4th 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 period. Finally, Northern Trust Corp raised its holdings in shares of AT&T by 2.5% in the 3rd 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 period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T traded up $0.04 during trading hours on Tuesday, hitting $17.54. 40,163,314 shares of the stock were exchanged, compared to its average volume of 38,718,438. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market cap of $125.46 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. The company’s fifty day simple moving average is $17.16 and its two-hundred day simple moving average is $16.35. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.99.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.33%. AT&T’s dividend payout ratio is 56.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on T shares. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Tigress Financial increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

Read Our Latest Analysis on T

AT&T Profile

(Free Report)

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.

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

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