Tyche Wealth Partners LLC Sells 2,494 Shares of AT&T Inc. (NYSE:T)

Tyche Wealth Partners LLC cut its holdings in shares of AT&T Inc. (NYSE:T) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,724 shares of the technology company’s stock after selling 2,494 shares during the quarter. Tyche Wealth Partners LLC’s holdings in AT&T were worth $1,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB raised its holdings in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares during the period. Czech National Bank boosted its position in shares of AT&T by 6.9% during the 3rd quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after acquiring an additional 94,312 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of AT&T by 20.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 42,148 shares of the technology company’s stock worth $927,000 after acquiring an additional 7,021 shares in the last quarter. Axiom Advisory LLC boosted its position in shares of AT&T by 2.3% during the 3rd quarter. Axiom Advisory LLC now owns 90,724 shares of the technology company’s stock worth $1,996,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in shares of AT&T by 0.9% during the 3rd quarter. Brookstone Capital Management now owns 793,140 shares of the technology company’s stock worth $17,449,000 after acquiring an additional 6,966 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company dropped their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Citigroup raised their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays raised their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Trading Up 0.9 %

Shares of T stock opened at $24.48 on Thursday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a 50-day simple moving average of $22.97 and a two-hundred day simple moving average of $21.73. The company has a market capitalization of $175.63 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.71 and a beta of 0.59. 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 (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

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.