Sentinus LLC Sells 1,982 Shares of AT&T Inc. (NYSE:T)

Sentinus LLC lessened its holdings in AT&T Inc. (NYSE:T) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,127 shares of the technology company’s stock after selling 1,982 shares during the quarter. Sentinus LLC’s holdings in AT&T were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth about $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter worth about $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 1.4%

Shares of NYSE T opened at $27.72 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The firm has a 50 day moving average price of $27.18 and a two-hundred day moving average price of $24.92. The stock has a market cap of $199.43 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the company posted $0.55 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, April 24th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $28.71.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.