JFS Wealth Advisors LLC Sells 914 Shares of AT&T Inc. (NYSE:T)

JFS Wealth Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 71,718 shares of the technology company’s stock after selling 914 shares during the period. JFS Wealth Advisors LLC’s holdings in AT&T were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the fourth quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T during the 3rd quarter valued at approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.0 %

Shares of T opened at $25.88 on Monday. The company’s fifty day simple moving average is $23.23 and its 200-day simple moving average is $22.06. The company has a market cap of $185.74 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.93.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.29%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on T. UBS Group upped their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Sanford C. Bernstein raised their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Scotiabank boosted their target price on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T 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.