GW Henssler & Associates Ltd. Has $493,000 Position in AT&T Inc. (T)

GW Henssler & Associates Ltd. lowered its position in shares of AT&T Inc. (NYSE:T) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,264 shares of the technology company’s stock after selling 2,367 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in AT&T were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in T. Levin Capital Strategies L.P. boosted its holdings in shares of AT&T by 2.7% in the 3rd quarter. Levin Capital Strategies L.P. now owns 7,691,075 shares of the technology company’s stock valued at $258,266,000 after purchasing an additional 205,047 shares during the last quarter. Private Wealth Partners LLC boosted its holdings in shares of AT&T by 35.7% in the 3rd quarter. Private Wealth Partners LLC now owns 163,148 shares of the technology company’s stock valued at $5,479,000 after purchasing an additional 42,905 shares during the last quarter. Chemical Bank boosted its holdings in shares of AT&T by 0.8% in the 3rd quarter. Chemical Bank now owns 227,448 shares of the technology company’s stock valued at $7,638,000 after purchasing an additional 1,824 shares during the last quarter. Burleson & Company LLC boosted its holdings in shares of AT&T by 77.7% in the 3rd quarter. Burleson & Company LLC now owns 123,576 shares of the technology company’s stock valued at $3,751,000 after purchasing an additional 54,034 shares during the last quarter. Finally, Pratt Collard Advisory Partners LLC boosted its holdings in shares of AT&T by 5.4% in the 4th quarter. Pratt Collard Advisory Partners LLC now owns 49,653 shares of the technology company’s stock valued at $1,417,000 after purchasing an additional 2,534 shares during the last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.

In related news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

A number of brokerages have weighed in on T. Desjardins reiterated an “average” rating and issued a $56.50 price target on shares of AT&T in a report on Friday, April 5th. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Barclays set a $32.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Friday, January 18th. Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Finally, Cowen reissued a “buy” rating and issued a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.26.

AT&T stock opened at $32.02 on Tuesday. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $35.82. The firm has a market cap of $197.68 billion, a P/E ratio of 9.10, a PEG ratio of 1.36 and a beta of 0.59. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.86.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a net margin of 11.34% and a return on equity of 13.47%. The firm had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 3.59 EPS for the current fiscal year.

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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 57.95%.

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AT&T Profile

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

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