AT&T Inc. (NYSE:T) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,821 shares of the technology company’s stock after selling 3,167 shares during the quarter. Marcum Wealth LLC’s holdings in AT&T were worth $842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.6 %

AT&T stock opened at $18.41 on Friday. The company has a 50 day moving average price of $17.32 and a 200 day moving average price of $17.11. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.45. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market capitalization of $131.97 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 3.56 and a beta of 0.60.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm 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 EPS. The company’s revenue was down .4% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The company 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 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. 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 report on Thursday, April 25th. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, April 29th. Finally, UBS Group reiterated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.54.

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.