Windward Capital Management Co. CA cut its holdings in shares of AT&T Inc. (NYSE:T) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,885 shares of the technology company’s stock after selling 13,176 shares during the quarter. Windward Capital Management Co. CA’s holdings in AT&T were worth $6,218,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mackey Komara & Dankovich LLC purchased a new position in AT&T during the 4th quarter valued at about $76,000. Chessman Wealth Strategies RIA purchased a new position in AT&T during the 3rd quarter valued at about $114,000. Stelac Advisory Services LLC purchased a new position in AT&T during the 3rd quarter valued at about $121,000. Advocacy Wealth Management Services LLC boosted its holdings in AT&T by 10.6% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock valued at $148,000 after acquiring an additional 500 shares during the period. Finally, Hoertkorn Richard Charles boosted its holdings in AT&T by 66.7% during the 3rd quarter. Hoertkorn Richard Charles now owns 5,000 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 64.59% of the company’s stock.
A number of equities analysts recently commented on T shares. Barclays set a $32.00 target price on AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Cowen restated a “buy” rating and set a $35.00 target price on shares of AT&T in a report on Thursday, January 31st. ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. Finally, Desjardins reaffirmed an “average” rating and issued a $56.50 price target on shares of AT&T in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $36.26.
AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. During the same quarter last year, the company earned $0.85 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post 3.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 57.95%.
In other news, CEO John T. Stankey sold 3,748 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.
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AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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