Investment Partners LTD. Has $286,000 Stake in AT&T Inc. (NYSE:T)

Investment Partners LTD. lowered its holdings in shares of AT&T Inc. (NYSE:T) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,107 shares of the technology company’s stock after selling 2,204 shares during the quarter. Investment Partners LTD.’s holdings in AT&T were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Alpha Cubed Investments LLC raised its position in shares of AT&T by 37.4% during the first quarter. Alpha Cubed Investments LLC now owns 31,679 shares of the technology company’s stock worth $896,000 after purchasing an additional 8,623 shares during the period. Horst & Graben Wealth Management LLC raised its position in shares of AT&T by 3.0% during the first quarter. Horst & Graben Wealth Management LLC now owns 15,319 shares of the technology company’s stock worth $433,000 after purchasing an additional 453 shares during the period. Capital Management Associates Inc acquired a new stake in shares of AT&T during the first quarter worth about $498,000. Dupree Financial Group LLC raised its position in AT&T by 1.0% in the 1st quarter. Dupree Financial Group LLC now owns 218,990 shares of the technology company’s stock valued at $6,193,000 after buying an additional 2,149 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its stake in AT&T by 7.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 46,335 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 3,307 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on T shares. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. TD Securities boosted their price target on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Wells Fargo & Company boosted their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.05.

AT&T Stock Up 0.1%

T stock opened at $28.39 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $204.28 billion, a PE ratio of 17.42, a PEG ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.19. The business’s 50 day simple moving average is $27.81 and its 200 day simple moving average is $26.21.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.91%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

AT&T Company Profile

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.